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US stocks edge higher in cautious trade

Published on May 6, 2014 6:12 AM
 
Traders work on the floor of the New York Stock Exchange on April 24, 2014. US stocks finished higher on Monday after struggling to get out of the losing column, shrugging off poor industrial data from China and growing violence in Ukraine. -- FILE PHOTO: REUTERS

NEW YORK (AFP) - US stocks finished higher on Monday after struggling to get out of the losing column, shrugging off poor industrial data from China and growing violence in Ukraine.

The Dow Jones Industrial Average closed up 17.66 points (0.11 per cent) to 16,530.55.

The broad-based S&P 500 added 3.52 (0.19 per cent) at 1,884.66, while the tech-rich Nasdaq Composite Index rose 14.16 (0.34 per cent) to 4,138.06.

China’s growth picture worsened after HSBC reported a fourth straight monthly contraction in its activity index for the manufacturing sector, taking the index to its lowest level in eight months.

 
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