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shares ended higher on Wednesday even after minutes from the Federal Reserve's December meeting showed concerns that quicker economic growth under President-elect Donald Trump could require faster interest rate increases to ward off inflation. U.S. stocks have surged over the past two months on expectations that Trump will stimulate the economy with tax cuts and infrastructure spending and eliminate regulations in the financial industry. But investors also worry that Trump's measures could stir inflation and push the U.S. central bank to raise rates more aggressively than anticipated. "Clearly, some of the members on the committee are taking a look at proposed fiscal changes, whether that's tax cuts or infrastructure spending," said Chris Zaccarelli, Chief Investment Officer for Cornerstone Financial Partners. "It's confirmation of what people were already expecting." Extremely low interest rates have fueled a rally of over 200 percent in the S&P 500 since the 2008 financial crisis, and investors worry that raising rates will crimp future increases. With just over two weeks left before Trump takes office, and the Dow Jones Industrial Average closing in on the 20,000 mark for the first time, investors also say they need to see evidence that his campaign-trail promises will be approved by Republican lawmakers. The Dow Jones Industrial Average rose 0.3 percent to end at 19,942.16, while the S&P 500 gained 0.57 percent to 2,270.75.
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