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US STOCKS-Wall St gains before holiday, investors optimistic Fed done raising rates

News Snapshot:

U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient. Among the day's economic data , the number of Americans filing new claims for unemployment benefits fell more than expected last week. Separately, a survey showed U.S. consumers' inflation expectations rose for a second straight month in November. Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy. Still, stocks have risen sharply in recent weeks on the view that Fed is done hiking rates. "Overall you have a solid backdrop…

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