Wall St. pares gains after Dudley comments

NEW YORK (Reuters) - Stocks pared earlier gains on Thursday in the wake of comments from William Dudley, head of the New York Federal Reserve.

Dudley said the Fed's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if U.S. economic growth and the labor market turn out weaker than expected.

The Dow Jones industrial average <.dji> was up 119.61 points, or 0.80 percent, at 15,029.75. The Standard & Poor's 500 Index <.spx> was up 11.08 points, or 0.69 percent, at 1,614.34. The Nasdaq Composite Index <.ixic> was up 24.26 points, or 0.72 percent, at 3,400.48.

(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)

Source: http://news.yahoo.com/stock-futures-point-third-day-gains-ahead-data-111732699.html

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