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US stocks finish higher ahead of Fed meeting

Published on Jun 17, 2014 6:26 AM

NEW YORK (AFP) - US stocks on Monday finished a choppy day of trade slightly higher as investors weighed the Iraq crisis and merger news ahead of a US Federal Reserve policy decision on Wednesday.

The Dow Jones Industrial Average added 5.27 points (0.03 per cent) at 16,781.01.

The broad-based S&P 500 advanced 1.62 (0.08 per cent) to 1,937.78, while the tech-rich Nasdaq Composite Index gained 10.45 (0.24 per cent) to 4,321.11.

In Iraq, militants battled Iraqi security forces for control of a strategic northern town, while US officials weighed drone strikes against jihadist fighters leading the charge.

A trader works on the floor of the New York Stock Exchange during the afternoon of in New York City on June 11, 2014. -- PHOTO: AFP
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