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Telecomunicaciones y tecnología

Market trims gains after Fed statement


    NEW YORK (Reuters) - Stocks briefly pared gains on Wednesday after the U.S. Federal Reserve said the economy was likely to remain weak for a time, but added the pace of economic contraction was slowing.

    The Dow Jones industrial average was up 44.29 points, or 0.53 percent, at 8,365.99. The Standard & Poor's 500 Index was up 11.49 points, or 1.28 percent, at 906.59. The Nasdaq Composite Index was up 36.68 points, or 2.08 percent, at 1,801.60.

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)