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U.S. Stocks Advance Amid Wide Swings Before Fed Policy Decision

  • Rapid shifts in direction, sentiment have taken hold
  • Rebound in Apple shares helps guide technology higher
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U.S. Consumers Are Nowhere Near Their Comfort Zone

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U.S. stocks closed higher, boosted by a rebound in Apple Inc., after swinging in a wide range amid light volume a week before the Federal Reserve makes a decision on interest rates.

Apple climbed 2.2 percent, wiping out yesterday’s slide to lead technology shares higher. Biotechnology companies boosted health-care, with Biogen Inc. and Gilead Sciences Inc. up more than 3 percent. Pfizer Inc. increased 2.1 percent. Wynn Resorts Ltd. fell 4.6 percent, down for the third time in four sessions. Krispy Kreme Doughnuts Inc. lost 12 percent after cutting its earnings forecast.