Dow, S&P 500 inch up after US economic index rises

Newswire

(Updates to late morning) By Caroline Valetkevitch NEW YORK, Nov 21 (Reuters) - The Dow average and the broader Standard & Poor's 500 Index gained on Monday after a gauge of the U.S. economy rose more than expected and as the approach of the holiday shopping period raised hopes about strong year-end spending. Wall Street's mood also improved after an announcement by General Motors Corp. that it will cut about 30,000 manufacturing jobs, close or reduce operations at 12 plants in ...

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