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Stocks gain on recovery bets, weak dollar


    NEW YORK (Reuters) - 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 was up 4.98 points, or 0.45 percent, to finish unofficially at 1,110.63. The Nasdaq Composite Index was up 6.87 points, or 0.32 percent, to close unofficially at 2,176.05.

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)