Submitted by Fox First at Ten on September 12th
By The Associated Press
The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.
Investors and economists expect the Fed to announce new steps to stimulate economic growth, especially after a Labor Department report showed employers added fewer than 100,000 jobs last month.
The Dow Jones industrial average rose 9.99 points, or 0.1 percent, to close at 13,333.35.
The Standard & Poor's 500 index rose an even 3 points, or 0.2 percent, to 1,436.56.
The Nasdaq composite index increased 9.78 points, or 0.3 percent, to 3,114.31.
For the week:
The Dow is up 26.71 points, or 0.2 percent.
The S&P 500 is down 1.36 points, or less than 0.1 percent.
The Nasdaq is down 22.11 points, or 0.7 percent.
For the year:
The Dow is up 1,115.79 points, or 9.1 percent.
The S&P 500 is up 178.96 points, or 14.2 percent.
The Nasdaq is up 509.16 points, or 19.5 percent.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
