Stocks moved higher ahead of the afternoon release of the Federal Reserve’s October meeting minutes. The release will likely be closely scrutinized for clues as to the likelihood of a year-end hike. ON Semiconductor (ON) slipped after agreeing to buy Fairchild Semiconductor (FCS) in an all-cash deal worth nearly $2.5 billion. The deal values Fairchild at a 41% premium to its mid-October price before reports of acquisition interest surfaced. Crude oil moved above $41 a barrel after weekly data showed U.S. inventories rise at a smaller-than-expected pace. Crude stockpiles added just 252,000 barrels over the week, a fraction of the expected build.
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