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Wall Street extends rally to post biggest one-day gain in three years | Wall Street extends rally to post biggest one-day gain in three years |
(35 minutes later) | |
The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day. | The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day. |
The industrial average closed up 421 points, or 2.4%, to 17,778 Thursday, its largest gain since December 2011. | |
The Standard & Poor’s 500 gained 48 points, or 2.4%, to 2,061. The Nasdaq composite climbed 104 points, or 2.2%, to 4,748. | |
The market built on its surge from the day before, when the Federal Reserve indicated it was in no rush to raise interest rates. | The market built on its surge from the day before, when the Federal Reserve indicated it was in no rush to raise interest rates. |
Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected. | Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected. |
Bond prices fell. The yield on the 10-year Treasury note rose to 2.21%. |
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