Stocks Rally Amid Rumor of Coordinated Central Back Action
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US stocks have pushed sharply higher with less than an hour left in Thursday's session following headlines from Reuters that central banks stand prepared to offer coordinated actions if additional liquidity is needed. Details are very sparse so far but the Reuters report cited officials attached to the G-20.
The Dow Jones spiked as much as 97 points immediately following the report, but is now pulling back from session highs. The Index last traded at 12,633, up about 136 points, or about 1.09 percent. The Nasdaq is up 7.5 and the S&P 500 is up almost 11 to 1,325.
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The Dow Jones spiked as much as 97 points immediately following the report, but is now pulling back from session highs. The Index last traded at 12,633, up about 136 points, or about 1.09 percent. The Nasdaq is up 7.5 and the S&P 500 is up almost 11 to 1,325.
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