Wall Street Rises As Investors Pick Defensive Stocks
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2020-09-03 HKT 05:19
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The indexes gained steam in afternoon trading and hit session highs in the final half hour.
The Federal Reserve's "Beige Book" report showed a modest increase in activity for US businesses and an increase in employment through late August, while economic growth remained sluggish in parts of the country.
The blue-chip Dow edged closer to its February 12 record high, coming in just 1.6% below the milestone while the tech-heavy Nasdaq, which closed the session almost 23% above its pre-crisis high, rose at a slower pace on Wednesday. (Reuters)
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