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US STOCKS-S&P 500 gains after Macy's jumps on strong results

November 13, 2013
Reuters

U.S. stocks rose on Wednesday, with the S&P 500's advance led by Macy's after stronger-than-expected quarterly sales and earnings. Volume was still subdued, with investors looking ahead to Federal Reserve Vice Chair Janet Yellen's appearance on Thursday before the Senate Banking Committee to consider her nomination as Fed chair, replacing Ben Bernanke. "I think Yellen's presentation is the one everyone is anticipating ... This will be our first chance to see her do some Q&A for her theme at the Fed," said Brian Battle, director of trading at Performance Trust Capital in Chicago.

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REFILE-US STOCKS-Wall St edges up in wake of Fed; Exxon a boost

November 13, 2013
Reuters

Thursday's economic data was mixed. A gauge of business activity in the Midwest execeeded expectations in October, while weekly initial jobless claims dipped in the latest week. The Labor Department's October employment report will be an important source of clues about the economy and future Fed action. Until the figures, due Nov. 8, are released "we're going to drift. We need something to send us higher", said Brian Battle, director of trading at Performance Trust Capital.

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