Stocks end little changed after Fed minutes


Though the Dow fell slightly, stocks were little changed. The latest Federal Reserve meeting minutes held no surprises; many Fed members want to see more job gains before they reduce the central bank’s stimulus, and officials are divided about when to slow that stimulus. Speaking in Cambridge, the Fed chairman said unemployment is still elevated, and higher taxes and federal spending cuts are weighing on growth. A small gain kept the S&P 500’s winning streak alive; it has risen five days, its best run in two months. Small-company stocks continued their surge: The Russell 2000 rose to a record 1,020.42. The Nasdaq is at its highest since 2000.

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