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S&P 500 Climbs to Record After 3-Day Rally on Surge in Tech Shares

From bloomberg.com

The Standard & Poor’s 500 Index rose to a record as a surge in technology shares helped the benchmark index fully recover from a seven-day selloff in early December. Facebook Inc. and Intel Corp. rose more than 2 percent to pace gains among technology shares. The S&P 500 added 0.4 percent to 2,078.68 at 4 p.m. in New York, above its previous record close of 2,075.37 reached Dec. 5. The S&P 500 has advanced in each of the past six Decembers. “There’s nothing in today’s news flow that is upsetting the consensus, which seems to be moderate growth, rate increases starting later next year and cheap oil as a mixed ... (full story)

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