US STOCKS SNAPSHOT - Defensive sectors lead Wall Street higher

NEW YORK Tue Jan 29, 2013 4:03pm EST

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NEW YORK Jan 29 (Reuters) - U.S. stocks advanced on Tuesday, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains.

The Dow Jones industrial average gained 72.87 points, or 0.52 percent, to 13,954.80. The Standard & Poor's 500 Index gained 7.70 points, or 0.51 percent, to 1,507.88. The Nasdaq Composite Index dropped 0.64 points, or 0.02 percent, to 3,153.66.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.