Dow Jones Rises As Fed Minutes Loom; Tesla Falls On New Price Cuts As Intel Backs Out Of $5.4 Bil Deal

News Snapshot:

The Dow Jones Industrial Average rose 0.3% at 10:30 a.m. ET Wednesday. X Housing starts in July came in at 1.452 million vs. consensus of 1.455 million. Building permits of 1.442 million were below views of 1.464 million, according to Econoday. Minutes of the Federal Open Market Committee's July meeting are due at 2 p.m. ET. In July, Fed Chair Jerome Powell signaled that monetary policy was "restrictive" and was "putting downward pressure on economic activity and inflation." While July's CPI rose 0.2% from June, in line with consensus, factory orders for June and July's retail sales were stronger than...