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26 Jun 2013
Wall Street rises for second day on No-Tapering idea
FXstreet.com (San Francisco) - The US stocks market performed on Wednesday its best day in the last two weeks as investors watched the down revision in the US GDP as a signal that the Fed isn't close to the QE tapering yet.
The Q1 US GDP was revised down to a growth of 1.8% in the first three months of the year from the 2.4% initially reported.
The DJIA rallied 149.68 points or 1.01% to close at 14,909.99. The S&P 500 advanced 15.23 pts or 0.96% to end the day at 1,603.26. And the Nasdaq Composite finished the session at 3,376.22, after adding 28.33 pts or 0.85%.
The Q1 US GDP was revised down to a growth of 1.8% in the first three months of the year from the 2.4% initially reported.
The DJIA rallied 149.68 points or 1.01% to close at 14,909.99. The S&P 500 advanced 15.23 pts or 0.96% to end the day at 1,603.26. And the Nasdaq Composite finished the session at 3,376.22, after adding 28.33 pts or 0.85%.