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US stocks were mixed on Wednesday, as investors looked ahead to FOMC minutes hoping for clues into the pace of future interest rate hikes.
The Dow Jones Industrial Average fell 3 points, or 0.01%. The S&P 500 gained 0.23% and the Nasdaq Composite increased 0.51%. Shares of Nordstrom fell more than 5% after the department store chain reaffirmed its forecast.
However, Nordstrom beat profit and sales expectations in its latest results, according to consensus expectations on Refinitiv. Tesla rose more than 6% after Citi upgraded shares to neutral from sell. Deere surged nearly 7% on earnings beat.
Jobless claims data came in higher than expected at 240,000 for the week ending Nov. 19 where economist expected 225,000, signaling that the labor market may be weakening. At the same time, however, durable goods orders for October were stronger than anticipated, coming in at 1%, more than the 0.5% expected.
Investors are awaiting the latest Fed meeting minutes, due Wednesday afternoon, for insight into the central bank’s approach on monetary policy ahead of the December meeting.
