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Market Snapshot: U.S. stock rally set to continue with FOMC minutes ahead

U.S. stocks were set for another day of gains on Wednesday, with the Dow average inching closer to the closely watched 20,000 level as bank stocks continued to rise.

Data on monthly car sales and minutes from the latest Federal Reserve meeting could also help drive trading action later in the day.

Futures for Dow Jones Industrial Average YMH7, +0.11% rose 29 points, or 0.2%, to 19,927, while those for the S&P 500 index ESH7, +0.11% added 3.65 points, or 0.2%, to 2,256.25. Futures for the Nasdaq-100 index NQH7, +0.11% gained 8.75 points, or 0.2%, to 4,914.75.

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