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Bond yields rise; stocks climb again to new records

Bond yields rise; stocks climb again to new records

Stocks and bond yields punched higher Wednesday, and U.S. indexes set records again, after more encouraging news on the nation’s economy.

The Standard & Poor's 500 index rose 11.67 points, or 0.5%, to 2,349.25. It's the seventh straight gain for the index and its longest winning streak in 3½ years. The Dow Jones industrial average rose 107.45 points, or 0.5%, to 20,611.86. The Nasdaq composite index rose 36.87, or 0.6%, to 5,819.44. Seven stocks rose on the New York Stock Exchange for every five that fell.

It's a striking reversal for the market compared with a year ago, when stocks around the world were tumbling on worries that another recession was on the way....

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