US STOCKS SNAPSHOT - Defensive sectors lead Wall Street higher
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.
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.