The US equity markets closed with moderate gains amid volatile session on Wednesday. The market continued its uptrend for the fourth consecutive session.
On August 31st, the Dow Jones Industrial Average rose 53.58 points or 0.46%, to close at 11,613.53. The Nasdaq Composite went up 3.35 points or 0.13%, to end at 2,579.46 and the Standard & Poor's 500 Index gained 5.97 points or 0.49%, to close at 1,218.89.
Shares of aluminum producer Alcoa rose 3.6%, to USD 12.80. However, AT&T fell 3.9% to USD 28.48 on reports that US government may block company's deal with T-Mobile.
Verizon Communications lost 0.4% to USD 36.17. Sprint Nextel Corp jumped 5.9% to USD 3.76.
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