US stocks rise, and investors wait for the Fed

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Associated Press

Posted on September 12, 2012 at 1:33 PM

Updated Wednesday, Sep 12 at 2:01 PM

NEW YORK (AP) — U.S. stocks are finishing with slight gains after Germany's high court cleared the way for the country to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

The Dow Jones industrial average gained 10 points to close at 13,333. The Standard & Poor's 500 index rose three points to 1,437.

Germany's highest court ruled Wednesday that the country could contribute to Europe's €500 billion ($640 billion) rescue fund to help indebted governments.

In other trading, the Nasdaq added 10 points to 3,114. Apple's stock added 1.4 percent to $669.79 following the unveiling of its newest, slimmer iPhone.

Roughly three stocks rose for every one that fell on the New York Stock Exchange. Trading volume was in line with the recent average at 3.5 billion shares.

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