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U.S. stocks rise due to speculation Fed will continue stimulus

November 6, 2013 , , , , ,

U.S. Stocks Advance Toward Records Amid Fed Stimulus Speculation

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Today – Wednesday November 6th, 2013

  • U.S. stocks rise due to Federal Reserve officials saying that due to weak economic data they will continue stimulus as investors and Fed wait for the jobs report this week.
  •  A GDP report Thursday is expected to show the U.S. economy grew 2% annualized in the third quarter, down from 2.5% in the prior three months.
  • NASDAQ decreased due to the biotechnology sector declining and lagging the index down.
  • Tomorrow, weekly initial claims and the advance Q3 GDP reading will be reported at 8:30 ET
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