U.S. stocks sharply pared losses in afternoon trading on Wednesday after minutes from the Federal Reserve’s July meeting showed officials said the pace of future interest rate hikes would hang on incoming data.
Major indexes had been solidly lower ahead of the release of the minutes, with growth shares coming under pressure after bond yields climbed and weak results from Target weighed on retailers.

After a brutal first-half of the year, stocks are up since the start of July. Upbeat corporate earnings have helped fuel a rebound.

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