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Stocks climb after Fed reassurance

Investors sent stocks sharply higher today after the Federal Reserve reassured Wall Street that economic growth would continue despite a recent slowdown and a surge in oil prices.

Tue, 10 Aug, 2004 - 22:36

Investors sent stocks sharply higher today after the Federal Reserve reassured Wall Street that economic growth would continue despite a recent slowdown and a surge in oil prices.

The Dow Jones industrial average rose 130 points in a late-session rally.

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