U.S. Stocks Closed Higher Amid Dovish Fed Minutes

U.S. stocks closed higher on Wednesday as investors shook off a plunge in oil prices and digested the Federal Reserve’s meeting minutes as mostly dovish.

“Apple and the energy stocks are definitely having a (negative) effect on the Dow,” said Paul Nolte, portfolio manager at Kingsview Asset Management. “I think it is a reaction in general to the Fed.”

The Federal Reserve Open Market Committee released the minutes of its March meeting, revealing that central bank policy makers were divided over the timing of an interest rate hike.