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13 Sep 2013
Wall Street closes the week with gains before the Fed's Septaper meeting
FXstreet.com (San Francisco) - The US stocks market closed the week with gains as investors digested weaker than expected US economic data and hopes on Syrian resolution continues. However, the market is now focused on next week's FOMC meeting and a possible QE cut.
The Dow Jones advanced 75.42 points or 0.49% on the day to close the second best week of the year at 15,376.06; The Dow finished with gains of 3.04% its second positive week. The S&P 500 added 4.57 pts or 0.27% to finish the day at 1,687.99. The index posted 1.98% weekly gains.
The Nasdaq Composite rose 6.21 pts or 0.17% to close the week at 3,722.18. The composite advanced for second week and posted 1.7% gains since the last Friday close.
The Dow Jones advanced 75.42 points or 0.49% on the day to close the second best week of the year at 15,376.06; The Dow finished with gains of 3.04% its second positive week. The S&P 500 added 4.57 pts or 0.27% to finish the day at 1,687.99. The index posted 1.98% weekly gains.
The Nasdaq Composite rose 6.21 pts or 0.17% to close the week at 3,722.18. The composite advanced for second week and posted 1.7% gains since the last Friday close.