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US stocks expected to push higher buoyed by hopes US interest rates will remain on hold for the foreseeable future

US stocks expected to push higher buoyed by hopes US interest rates will remain on hold for the foreseeable future

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US stocks are expected to push higher on Wednesday ahead of manufacturing data, buoyed by hopes US interest rates will remain on hold for the foreseeable future even if the Federal Reserve starts to taper bond purchases. Futures for the blue-chip Dow Jones Industrial Average and the broader S&P index 500 both gained 0.4%, while contracts for the tech-laden Nasdaq-100 added 0.3%.

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