Asia Gains, Europe Dips While Crude Oil Surges On Supply Risk - Global Markets Today While US Slept

On Wednesday, October 9th, the U.S. markets closed higher, driven by Federal Reserve meeting minutes showing a “substantial majority” supported a half-point rate cut, easing investor concerns. Traders also anticipated key inflation data and the upcoming third-quarter earnings season.

Tech stocks saw mixed movements, with Google parent Alphabet down 1.5% amid antitrust concerns.

Related: Fed Minutes Reveal Heated Debate Over September Interest Rate Move: Traders Trim November Easing Bets

In economic data, U.S. wholesale inventories rose 0.1% month-over-month to $904.8 billion in August, below the preliminary 0.2% estimate and matching the revised 0.2% increase from the previous month.

The S&P 500 closed mostly higher, led by gains in healthcare, information technology, and industrials, while utilities and communication services ended lower.

The Dow Jones Industrial Average was up 1.03% and closed at 42,512.00. The S&P ...