Wall Street gained ground Wednesday amid
optimism that lawmakers can reach a deal to avert a looming mix of
steep austerity measures and tax increases.
US President Barack Obama said he hoped "to get this done before
Christmas," while the leader of majority Republicans in the lower
House of Representatives expressed similar optimism.
The blue-chip Dow Jones Industrial Average gained 106.98 points,
or 0.83 per cent, to 12,985.11. The broader Standard & Poor's 500
Index rose 10.99 points, or 0.79 per cent, to 1,409.93. The
technology-heavy Nasdaq Composite Index added 23.99 points, or 0.81
per cent, to 2,991.78.
The US currency slipped to 77.27 euro cents from 77.29 euro cents
on Tuesday. The dollar lost ground against the Japanese currency to
82.08 yen from 82.12 yen.
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Nov. 29, 2012
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Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH
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