Mumbai, Feb. 20 -- The S&P 500 rose 14.57 points (0.2%) to 6,144.15, the Dow climbed 71.25 points (0.2%) to 44,627.59 and the Nasdaq inched up 14.99 points (0.1%) to 20,056.25.

Wall Street rebounded despite concerns over a global trade war and President Trump's planned 25% tariffs on U.S. imports. The Federal Reserve's January meeting minutes revealed officials are cautious about lowering interest rates until inflation shows more progress. They cited reduced risks for the labor market but increased inflation risks, partly due to potential trade and immigration policy changes.

The Commerce Department released a report showing housing starts pulled back by more than expected in the month of January. Computer hardware stocks extended the r...