Wall St gains despite taper talk

Investors still cautious as Fed speakers offer mixed messages.

United States stocks are trading higher in afternoon trade, resuming a three-month rally as traders looked to Federal Reserve officials for hints on whether the central bank will tighten monetary policy next week.

At 0540 AEDT, the Dow Jones Industrial Average was up 31.15 points, or 0.19%, at 16,051.35.

The broad-based S&P 500 advanced 5.63 points, or 0.31%, to 1,810.72, while the tech-rich Nasdaq Composite Index added 7.94 points, or 0.20%, to 4,070.46.

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AFP with staff reporter

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