Wall St edges up on data; on pace for 3rd straight gain
NEW YORK (REUTERS) - United States (US) stocks advanced modestly on Thursday, putting equities on track for a third straight climb to start the month, as a flurry of economic data indicated improving economic conditions.
Gains were limited as many investors were hesitant to make big bets going into Friday's payroll report, while the possibility of a Western-led strike against Syria also loomed.
US President Barack Obama faced growing pressure from world leaders not to launch military strikes in Syria at the Group of 20 summit on the global economy.
While the economic data was positive, it did little to change investor expectations about when the US Federal Reserve might begin to ease its accommodative monetary policies, credited with fueling the equity market's gains in 2013.