While you were sleeping Optimism lifts equities

Tue, 18 Jun 2013

By Margreet Dietz June 19 (BusinessDesk) - Wall Street advanced amid optimism that US Federal Reserve Chairman Ben Bernanke will reassure investors that the central bank will not pull back its monetary stimulus before it is satisfied with the economic outlook. In late afternoon trading in New York, the Dow Jones Industrial Average gained 1 percent, the Standard & Poor's 500 Index rose 0.83 percent and the Nasdaq Composite Index increased 0.97 percent. The Federal Open Market Committee has begun a scheduled two-day meeting. It will release it...

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