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US stocks finish higher ahead of Fed announcement

Published on Jun 18, 2014 6:47 AM

NEW YORK (AFP) - Wall Street stocks on Tuesday finished higher as investors weighed continued violence in Iraq with mixed US economic data and looked ahead to a Federal Reserve policy statement on Wednesday.

The Dow Jones Industrial Average rose 27.48 points (0.16 per cent) to 16,808.49.

The broad-based S&P 500 gained 4.21 (0.22 per cent) to 1,941.99, while the tech-rich Nasdaq Composite Index increased 16.13 (0.37 per cent) to 4,337.23.

Violence in Iraq remained in focus as fighting approached Baghdad, the Iraqi prime minister fired several top security commanders and Iraq’s representative to the United Nations described the current upheaval as Iraq’s “biggest threat to its sovereignty and territorial integrity” in years.

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