Business

Stocks edge higher as Fed ends two-day meeting

By Steve Rothwell
Published December 12, 2012 5:13pm ET
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Stocks edge higher as Fed ends two-day meeting
FILE - In this Tuesday, Dec. 11, 2012, file photo, trader Anthony Riccio works on the floor of the New York Stock Exchange. Expectations that the Federal Reserve will announce a new stimulus plan to help bring life to a lethargic U.S. economy boosted stock markets in Asia, where investors brushed off North Korea's latest test launch of a long-range rocket. (AP Photo/Richard Drew, File) | Richard Drew

NEW YORK (AP) — Stocks edged higher, extending a winning streak, as investors awaited news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S. economy. Wall Street also watched for developments from budget talks in Washington.

The Dow Jones industrial average was up 10 points at 13,260 as of noon in New York. The Standard and Poor’s 500 was up three points at 1,431. The Nasdaq composite was little changed at 3,022.

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