Minutes from the Federal Reserve's meeting last month indicated that interest rate hikes may be halted. The markets closed higher with the Dow gaining 25 points to 22,024. Nasdaq rose 12 points to 6,345.
On the upside
Phoenix New Media (NYSE: FENG) reversed year ago losses to post a stronger than expected profit for the second quarter.
Bargain hunters lifted shares of Eros International (NYSE: EROS).
Rising gold prices lifted shares of Hudbay Minerals (NYSE: HBM), McEwen Mining (NYSE: MUX) and Yamana Gold (NYSE: AUY).
On the downside
Babcock & Wilcox Enterprises (NYSE: CBI) extended its losses.
Retreating crude oil prices weighed down shares of Whiting Petroleum (NYSE: WLL).
H&E Equipment Services (Nasdaq: HEES) will not submit a revised proposal to acquire Neff (NYSE: NEFF).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 6 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 2,468. Bitcoin surged $198 to $4326.
