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S&P Hits Four-Year High; Oil, Gold Rally

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Originally published on Fox Business

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The broad S&P 500 climbed to its highest level in more than four years, while oil zoomed greater than 1% to the upside, helped by a weaker U.S. dollar.

Today's Markets

As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 8.6 points, or 0.07%, to 13276, the S&P 500 gained 4.7 points, or 0.33%, to 1423 and the Nasdaq Composite climbed 11.8 points, or 0.39%, to 3088.

The Dow, which tracks only 30 major industrial stocks, is sitting within striking distance of its highest mark since the end of 2007. The U.S. dollar fell 0.5% against a basket of six world currencies to its lowest level since July 4. Meanwhile, the euro rallied 0.89% to $1.2456. Commodities that are traded in dollars often move in the opposite direction of the currency.

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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