U.S.
stocks closed at their highest level in almost four weeks, with
equities spurred on by a rally in energy shares and deal activity among
beer brewers while Federal Reserve policy makers debated whether to
raise interest rates.
The
Standard & Poor’s 500 Index rose 0.9 percent to 1,995.12 at 4 p.m.
in New York, its highest since Aug. 20, after the gauge rallied 1.3
percent yesterday.
Data
today showed prices paid by American households declined in August as
cheaper gasoline helped keep inflation below the objective of Fed policy
makers. The consumer-price index dropped 0.1 percent, the first decline
since January. The so-called core measure, which strips out
often-volatile fuel and food costs, rose 0.1 percent for a second month.
Source: Bloomberg
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