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OCT 29, 2013 - TheStreet

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Dow, S&P Leap to Record Highs on Stimulus Prospects

NEW YORK (TheStreet) -- The Dow Jones Industrial Average and S&P 500 closed at record highs Tuesday on expectations the Federal Reserve won't pullback on its stimulus measures at the conclusion of its two-day policy meeting tomorrow given that the U.S. economic recovery continues to struggle. The S&P 500 gained 0.6% to close at 1,771.95 while the Dow Jones Industrial Average jumped 0.7% to 15,680.35 and the Nasdaq added 0.3% to 3,952.34.The Fed's policy-making statement Wednesday is unlikely to announce a so-called tapering to its monthly asset purchases, Eric Stein, portfolio ... Read More

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