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Wall Street pushes higher

Investors look ahead to next month, when Fed Reserve meeting and debate over the US budget could jolt shares.
By · 29 Aug 2013
By ·
29 Aug 2013
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United States stocks pushed higher as the market rebounded from losses posted the previous session on worries about potential military action against Syria.

As investors await decisions from Western governments about how to respond to developments in Syria, they are instead looking ahead to next month, when a meeting by the Federal Reserve and a debate over the budget are likely to jolt shares.

The Dow Jones Industrial Average added 48.38 points, or 0.33 per cent, to close at 14824.51. On Tuesday, the Dow slid 170 points, or 1.1%, to close at a two-month low.

The S&P 500 gained 4.48 points on Wednesday, or 0.27 per cent, to 1634.96, and the Nasdaq Composite Index rose 14.83 points, or 0.41%, to 3593.35.

During the session data showed US pending home sale fell in the month of July.

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