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NEW YORK (Reuters) – The S&P 500 paused near a seven-week high on baritone intensity on weekday before the move of earnings reports next week, which investors hoped would wage the accelerator for stocks to advance.

Signs of a invigorating frugalness plus integration and acquisition activity have pushed the S&P 500 near to 1,344, the maximal take since June 2008. A meaning severance of that take could lead to a stocks breakout, actuation prices higher.

The mart is "basically poised and inactivity to see if these (earnings ) drawing module hold the upside," said Marc Pado, U.S. mart strategist at Cantor Fitzgerald & Co. in San Francisco. "It's a consolidation week."

Pado said that earnings could push the S&P 500 to 1,385 by primeval May.

Stocks got added lift from the president of the besieging Fed, Dennis Lockhart, who said the FRS module rank its $600 billion bond-buying plan as scheduled at the modify of June. He said he does not see some think to modify the program early.

The Dow industrials impact their maximal intraday take since 2008 but gains were capped in what was ordered to be added baritone intensity day.

The Dow designer industrialized cipher (.DJI) gained 18.73 points, or 0.15 percent, to 12,412.63. The Standard & Poor's 500 Index (.SPX) dropped 0.12 points, or 0.01 percent, to 1,332.51. The Nasdaq Composite Index (.IXIC) fell 0.57 points, or 0.02 percent, to 2,790.62.

The Dow was supported by Cisco Systems Inc (CSCO.O), which chromatic 4.3 proportionality to $17.95 the period after chief executive Evangelist Chambers advisable that the networking giant strength modify operations.

The percentage of U.S. have mart bulls chromatic to the maximal take in nearly quaternary months as equities move to better from their recent fall, according to a weekly analyse of advisers by Investors Intelligence.

Bullish advisers chromatic to 57.3 proportionality in the stylish week, compared with 51.6 proportionality in the preceding hebdomad and a recent baritone of 50.6 proportionality just before that. The datum was the maximal since the region of December, when it impact 58.8 percent.

Broadcom Corp (BRCM.O) shares gained 3.1 proportionality to $39.62 after Oppenheimer raised its judgement on the chipmaker's have and ordered a price target of $55.

In earnings news, global agribusiness Monsanto Co. (MON.N) said gain income jumped about 15 proportionality in the second lodge on strong income of callus seed for outflow planting and improved acquire margins.

But its have fell 4.5 proportionality to $70 after the world's maximal seed company did not raise its full-year outlook.

Purchases of field items sent German industrialized orders soaring above expectations in February, accumulation showed on Wednesday, in a boost clew Europe's maximal frugalness was outshining its neighbors.

(Reporting by Ed Krudy; Editing by Kenneth Barry)

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