The Dow Jones Industrial Average remained higher after the minutes from the Federal Reserve's policy-setting meeting indicated that an interest rate hike could come "relatively soon."

The Fed noted that inflation has been rising and that the labor market has improved.

"Most participants expressed a view that it could well become appropriate to raise the target range for the federal funds rate relatively soon," the Fed minutes said.

A rate hike in December has a high probability among Wall Street pundits with any doubt after Donald Trump's recent election as U.S. president quickly evaporating. The chances of a December rate hike currently sit at 98%, according to CME Group fed funds futures.

The Dow rose 0.2% to 19,071 following the release of the minutes. The index touched an intraday record of 19,075 earlier in the session. The S&P 500 fell slightly, and the Nasdaq fell 0.29% as biotech shares declined following a sharp drop in shares of Eli Lilly (LLY) .

Orders for long-lasting goods in the U.S. increased 4.8% in October, according to the Census Bureau. Analysts anticipated far-slower growth of 1.5%. Excluding transportation, orders rose at a slower 1% pace. Core capital goods orders increased 0.4%, while core shipments climbed 0.2%.

Jobless claims rose in the past week, though remained at multi-decade lows. The number of new claims for unemployment benefits increased by 18,000 to 251,000, according to the Labor Department. The less-volatile, four-week average fell 2,000 to 251,000.

New-home sales fell 1.9% in October to a seasonally adjusted annual rate of 563,000. Economists were looking for new home sales of 595,000.

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