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Positive economic news pushes stocks to record highs
Positive economic news pushes stocks to record highs

NEW YORK — More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market. Eight of 10 industry groups in the Standard & Poor's 500 index rose, led by financial stocks. "The question isn't `Why are we up today?"' said Dan Veru, chief investment officer at Palisade Capital Partners in New York. "It's `Why aren't we up a lot more?' What you're seeing is the U.S. economy growing at a...

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