The S&P 500 closed higher on Wednesday, supported by expectations of a potential rate cut next month following the Federal Reserve's July meeting minutes, which revealed that most policymakers see it as likely if inflation progress continues. The Dow Jones rose 0.1%, the S&P 500 by 0.4%, and the NASDAQ by 0.6%. Despite concerns over a weaker labor market, where job gains were revised down significantly, investor confidence was bolstered. Key stocks had mixed performances: Target and Keysight Technologies rose, while Macy's and La-Z-Boy fell. JD.com dropped as Walmart plans to sell its stake, and Ford adjusted its electric vehicle plans due to lower demand.
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