While you were sleeping Stocks up ahead of Fed

Mon, 17 Jun 2013

By Margreet Dietz June 18 (BusinessDesk) - Wall Street advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.41 percent, the Standard & Poor's 500 Index advanced 0.31 percent and the Nasdaq Composite climbed 0.45 percent. The S&P 500 was last at 1,631.82 after touching 1,646.50 earlier in the d...

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