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Post by bot on Oct 30, 2013 14:52:05 GMT -5
Stocks rise after ADP data, ahead of Fed decision to 15,700 NEW YORK (MarketWatch) -- U.S. stocks made another move higher Wednesday as investors awaited a Federal Reserve statement, helped by a weaker-than-expected ADP jobs report that bolstered bets on the Fed maintaining its accommodative polices. The S&P 500 tacked on 3 points, or less than 0.2%, to 1,775, while the Dow Jones Industrial Average rose 26 points, or 0.2%, to 15,706. The Nasdaq Composite was up 12 points, or 0.3%, to 3,964. The advances built on gains seen on Tuesday, when both the S&P 500 and Dow industrials scored record closing highs. The Fed statement due at 2 p.m. Eastern time is likely to be Wednesday's main event for investors. Analysts expect no change in interest rates or to the central bank's $85-billion-a-month bond-buying program.
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