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Stocks rally worldwide on hopes for coming economic recovery

 


NEW YORK (AP) — Stocks rose again Tuesday, part of a strong and worldwide rally for markets, after a big rebound in buying at U.S. stores and online raised hopes that the economy can escape its recession relatively quickly.

The S&P 500 climbed 1.9% for its third straight gain, bringing it back within 8% of its record set in February. Gains have built in recent weeks as reports bolster investor expectations that the worst of the downturn may have already passed.

Continuing, immense aid from the Federal Reserve is also supporting markets, and its chair said Tuesday that the central bank w...



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