US stocks gain on services data, dovish Fed

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NEW YORK: Wall Street stocks rose for a second straight session on Wednesday (Jan 5), with solid data on the US services sector offsetting a weak ...

NEW YORK: Wall Street stocks rose for a second straight session on Wednesday , with solid data on theAnalysts also cited continued positive momentum following more

The broad-based S&P 500 gained 22.88 points to 2,826.15, while the tech-rich Nasdaq Composite Index advanced 48.36 points to 7,575.48. Also, investors have cheered recent comments from Fed officials, including Chair Jerome Powell, who on Tuesday that acknowledged the economic risks connected to trade wars and said the Fed was willing to act if needed to support growth.

 

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