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Modest increase in U.S. stock market, pending approval of tax cuts plan

U.S. stock indexes began the trading session Monday with modest growth, supported by the prospect of tax cuts plan approval from the U.S., writes Reuters.

The Dow Jones industrial average rose 0.15% at the beginning of the hearing, Standard & Poor’s has appreciated by 0.17% while the Nasdaq hover near the threshold of closing Friday.

U.S. senators decide Monday on the plan submitted by the Obama administration tax cuts.

If the package is approved, the final vote will be given on Tuesday or Wednesday in the House of Representatives.

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Posted by M.P.Bogdan on Dec 13 2010. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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