U.S. stocks rose for a second session, buoyed after Alcoa (AA.N) late Tuesday reported quarterly results that topped analysts' expectations, even though the company's adjusted profit fell due to declining aluminum prices.
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The greenback's bounce was the first in four days.
Investors awaited the minutes of the latest Federal Reserve meeting to be released later Wednesday. They are likely to show that members of the Federal Open Market Committee generally agreed on tapering the Fed's bond-buying program.
Shares of Alcoa (AA.N) gained 3.5 percent to $12.97 and at one point were the best performer among components of the benchmark S&P 500 index.
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