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U.S. Stocks Rally on Speculation Jobs Data to Spur Stimulus


U.S. stocks gained, sending the Dow Jones Industrial Average to its best two-day rally in a month, on speculation the highest unemployment rate since 1992 will force Congress to pass an economic stimulus package.

The S&P 500 rose 2.7 percent to 868.59. The Dow added 217.52 points, or 2.7 percent, to 8,280.59. The Nasdaq Composite Index climbed 2.9 percent, erasing its 2009 loss.

(Bloomberg.com)

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