Thu, 01 Aug 2013 15:47:07 GMT
U.S. stocks advance on monetary policy and unemployment news
The Standard & Poor' 500 gauge climbed above 1,700 after several central banks said to continue accommodative monetary policy and unemployment insurance claims dropped to a five-year low. The benchmark added 0.9% to 1,700.33 as of 9:33 a.m. in New York. Current news positively affects stock markets as they are driven by the Federal Reserves policy and good earnings.