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S&P hits 1,400 as ECB-inspired rally persists

August 8, 2012 Comments Off on S&P hits 1,400 as ECB-inspired rally persists

August 8, 2012, 8:10 am

By Ryan Vlastelica
NEW YORK (Reuters) – U.S. stocks rose for a third straight day on Tuesday, pushing the S&P above 1,400 for the first time since early May, on growing optimism the European Central Bank would act soon to contain the euro zone’s debt crisis.

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