Stocks gain on recovery bets, weak dollar
U.S. stocks rose on Wednesday, sending both the Dow and the S&P 500 to fresh 13-month closing highs, as economic data reinforced hopes of stabilization in the labor and housing markets, but traded volume was light ahead of the Thanksgiving Day holiday.
* Weakness in the U.S. dollar also supported stocks.
* The Dow Jones industrial average was up 30.69 points, or 0.29 percent, to end unofficially at 10,464.40. The Standard & Poor's 500 Index <.SPX> was up 4.98 points, or 0.45 percent, to finish unofficially at 1,110.63. The Nasdaq Composite Index <.IXIC> was up 6.87 points, or 0.32 percent, to close unofficially at 2,176.05.
(Reporting by Ellis Mnyandu; Editing by Jan Paschal)
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