Central Bank Optimism Helps Lift Wall Street
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Originally published at Fox Business
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The markets climbed for the third day in a row, building on three-month highs, as traders responded positively to hints that central banks may be open to the concept of providing more stimulus to buoy the world economy.
As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 45.9 points, or 0.36%, to 13166, the S&P 500 gained 5.7 points, or 0.41%, to 1400 and the Nasdaq Composite climbed 14.4 points, or 0.48%, to 3004.
The S&P 500 has tacked on 2.1% in the past two trading days, pushing the broad-market index higher by more than 10% for the year. With the economic calendar light, traders have been paying close attention to the eurozone debt crisis.
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