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U.S. Stocks Gain, Led by Banks, Technology Companies, Retailers


U.S. stocks rose, pushing the S&P 500 Index up the most in a week, after MasterCard Inc.’s profit topped estimates and an analyst said Goldman Sachs Group Inc. and Morgan Stanley are healthy enough to repay rescue funds.

The S&P 500 rose 1.6 percent to 845.85. The index lost as much as 1.5 percent in early trading after initial jobless claims unexpectedly jumped to a 26-year high. The Dow Jones Industrial Average climbed 106.41 points, or 1.3 percent, to 8,063.07. The Russell 2000 Index climbed 1.5 percent.

(Bloomberg.com)



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