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| US stocks at record high on positive Fed report | |
| (4 months later) | |
| (Close): US shares ended at fresh new highs on Wednesday after the release of the Federal Reserve's Beige Book for October and November | (Close): US shares ended at fresh new highs on Wednesday after the release of the Federal Reserve's Beige Book for October and November |
| The survey of local Federal Reserve banks showed that the US recovery was progressing nationwide. | The survey of local Federal Reserve banks showed that the US recovery was progressing nationwide. |
| The Dow Jones rose 33.07 points to 17,912.62 while the S&P 500 index gained 7.78 points to 2,074.33 - new highs for both. | The Dow Jones rose 33.07 points to 17,912.62 while the S&P 500 index gained 7.78 points to 2,074.33 - new highs for both. |
| The tech-heavy Nasdaq index added 18.66 points to finish at 4,774.47. | The tech-heavy Nasdaq index added 18.66 points to finish at 4,774.47. |
| Earlier in the day, a separate report by private sector payroll processor ADP said the private sector added 208,000 jobs in November, as against 233,000 in October. | Earlier in the day, a separate report by private sector payroll processor ADP said the private sector added 208,000 jobs in November, as against 233,000 in October. |
| The total was below the 225,000 that analysts had predicted, although still above the 200,000 mark. | The total was below the 225,000 that analysts had predicted, although still above the 200,000 mark. |
| General Electric was the biggest riser on the Dow, adding 1.27%. | General Electric was the biggest riser on the Dow, adding 1.27%. |
| Teen clothing retailer Abercrombie & Fitch also saw a jump in its share price by 3.48% even after reporting disappointing third-quarter results. | Teen clothing retailer Abercrombie & Fitch also saw a jump in its share price by 3.48% even after reporting disappointing third-quarter results. |