US STOCKS-Wall Street climbs after China data, Fed comments

Wed Nov 11, 2009 3:33pm GMT
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* Fed officials suggest rates will stay low for some time

* Chinese factory output growth surges to 19-month high

* US bond market, government offices closed for holiday

* For up-to-the-minute market news, click [STXNEWS/US] (Updates to early morning)

By Angela Moon

NEW YORK, Nov 11 (Reuters) - U.S. stocks climbed on Wednesday as optimism spread after a jump in Chinese factory growth and comments from Federal Reserve officials suggested interest rates would remain low well into 2010.

Major indexes rose 1 percent or more, and the Dow Jones industrial average was on track for a sixth consecutive day of gains and a fresh 13-month high.

Chinese factory output growth jumped to a 19-month high in October, signaling that the world's third-largest economy has firmly put the worst of the global economic crisis behind it. For details, see [ID:nPEK212006]  Continued...

 
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