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Wall Street closes higher on strong earnings

FXstreet.com (San Francisco) - The US stocks market closed Tuesday with gains as investors were confidence on strong earnings and a good consumer confidence data. The S&P 500 finished April at record high, the Dow ended up for fifth straight month and the Nasdaq closed at highest level since 2000.

The Dow Jones advanced 21.05 points or 0.14% to end at 14,839.80; the DJIA closed 1.79% on the monthly basis. The S&P 500 added 3.96 points or 0.25% on the day to 1,597.57, 1.81% positive on the month. The Nasdaq won 21.77 points or 0.66% to 3,328.79. The Composite closed 1.88% higher on the month.

Forex Flash: ISM manufacturing index to retreat a little further to 50.5 - RBS

The Institute for Supply Management (ISM) is scheduled to publish its April US Manufacturing Index in Wednesday at 14 GMT (10h EST) and the market is expecting a decline to 50.9 in April from the March's figure of 51.3. However, the RBS analyst team sees a deeper contraction to 50.5.
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Session Recap: USD extends decline ahead Fed's meeting

The US dollar traded lower on Tuesday as investors are assuming that the Fed could remove language that signs the asset-purchase tapering this year. The idea comes from the weaker than expected Chicago PMI that April's figures showed contraction.
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