Economics
S&P 500 Nears a Record on Bets Fed Will Support Economy
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U.S. stocks gained for a third day, sending the Standard & Poor’s 500 Index to within two points of a record, as minutes indicated the Federal Reserve will continue to support the economy amid uneven gains in the labor market.
The S&P 500 added 0.3 percent to 1,986.51 at 4 p.m. in New York. The gauge touched 1,988.57, briefly surpassing a closing high of 1,987.98 reached July 24, before pulling back. The Dow Jones Industrial Average rose 59.54 points, or 0.4 percent, to 16,979.13. The Russell 2000 Index of smaller companies slipped