U.S. Markets Breaks 2-Day Losing Streak, Chipotle & Reynolds Higher

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U.S. Markets Breaks 2-Day Losing Streak, Chipotle & Reynolds Higher

U.S. Markets Breaks 2-Day Losing Streak, Chipotle & Reynolds Higher
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U.S. Markets Breaks 2-Day Losing Streak, Chipotle & Reynolds Higher

by TheStreet 0:55 mins

U.S. Markets Breaks 2-Day Losing Streak, Chipotle & Reynolds Higher

by TheStreet 0:55 mins

U.S. stocks broke their losing streak, closing higher for the first time this week. Stocks dipped slightly at the open, but quickly recovered after the release of the much anticipated minutes from the Federal Reserve's most recent policy meeting in June. The minutes revealed the Fed decided to end its asset-buying program, also known as quantitative easing, in October if the economy stays on track. Reynolds American (RAI) rose higher on rumors of a takeover. Chipotle (CMG) rose in late afternoon trading. The fast-causal restaurant is up 3 percent after an analyst raised estimates for the next quarterly report. TheStreet's Susannah Lee reports from Wall Street.

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