Wall Street Ends Higher on Fed's Positive Outlook

Major Wall Street stock markets closed higher on Wednesday, buoyed by the Federal Reserve's June meeting minutes. Most Fed officials predicted interest rate cuts could begin later this year, signaling confidence in the US economy.

Investors Digest Potential Trade Deal and Gaza Ceasefire Progress

Investors also reacted positively to reports of a potential trade deal between the US and the European Union. In addition, Hamas agreed to release ten Israeli hostages, marking a step towards a ceasefire in Gaza.

Market Performance Highlights

The Dow Jones Industrial Average rose by 0.49%, with Boeing leading the gains. The Nasdaq 100 and S&P 500 also saw significant increases, driven by strong performances from MicroStrategy and AES Corporation, respectively.

Currency Markets Remain Steady

Meanwhile, the euro and the British pound traded flat against the dollar, reflecting a calm response from the currency markets to the day's developments.