US stocks rise

Comment on this story
IOL wall street THE PHOTO HOLIC File image

US stocks are inching up in morning trading. But the real action isn't expected until the afternoon.

That's when the Federal Reserve wraps up its two-day policy meeting and, presumably, gives investors some signal about whether it plans to pump more money into the economy.

After two days of fizzling, the Dow Jones industrial average is up 61 points to 13,070 early Wednesday. The Standard & Poor's 500

is up five at 1,384. The Nasdaq composite is up 13 to 2,953.

Harley-Davidson is down 7 percent after its revenue came in below analysts' forecasts. Avon is down 4 percent after missing expectations for revenue and income.

Payroll provider ADP says US businesses added 163,000 jobs last month. The report comes two days before the government releases its own calculations for July. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines