Stocks higher as investors await Fed decision

Stocks are rising as investors get some encouraging news on the labor market and wait for the Federal Reserve to weigh in on the economy.
NOV 04, 2009
Stocks are rising as investors get some encouraging news on the labor market and wait for the Federal Reserve to weigh in on the economy. The ADP National Employment Report says fewer jobs were lost in October than September, raising hopes for a better-than-expected employment report from the government on Friday. The market's main focus though is the Federal Reserve and what it has to say about the economy when it wraps up a two-day meeting on interest rates Wednesday. Policy makers aren't expected to raise rates, but investors will be looking for the Fed's view on the sustainability of the economic recovery. The Dow Jones industrials are up 59 at 9,830. The Standard & Poor's 500 index is up 6 at 1,052, and the Nasdaq composite index is up 9 at 2,066.

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