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Allianz AG Holding
Stocks close higher for the first time in four days
Stocks close higher for the first time in four days

Maybe the sell-off was a little overdone. That was the sentiment on Wall Street Tuesday as the stock market broke a three-day losing streak. The gain pushed the Standard & Poor's 500 index back into positive territory for the year. The rebound was driven partly by bargain-hunting as investors picked up stocks that hold fallen the most in the slump over the previous three days. Utilities stocks also rose sharply as skittish investors bought less volatile stocks. “Longer-term investors should really use this as an opportunity to buy attractive areas that have sold off,” said Kristina Hooper, US Investment Strategist at Allianz Global Investors. “For them,...

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