NEW YORK, N.Y. - Stocks are edging higher in midday trading on Wall Street, putting the market on track for its third gain in a row.
The Dow Jones industrial average was up 42 points, or 0.3 per cent, at 15,537 as of noon Eastern Tuesday.
The Standard & Poor's 500 index rose five points, or 0.3 per cent, at 1,702. The S&P 500 is seven points below its record high reached on Aug. 2.
The Nasdaq composite rose 18 points, or 0.5 per cent, at 3,736.
Trading was light as Federal Reserve policymakers gathered for a two-day meeting. Many expect the Fed to reduce its $85 billion monthly bond-buying program.
Microsoft rose 20 cents, or 0.6 per cent, to $33 after announcing a 22 per cent dividend increase and a $40 billion stock buyback program.
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