U.S. stocks close sharply higher in broad rally
U.S. stocks rose on Thursday, with major indexes rallying after economic data suggested the Federal Reserve may not be as aggressive in raising interest rates as previously believed. The Dow Jones Industrial Average [S: DJIA] closed up 178.26 points, or 1%, at 18,213.03. All 30 components ended in the green, but Apple Inc. [S: AAPL] led with a gain of 3.4%. The S&P 500 [S: SPX] closed up 21.51 points, or 1%, at 2,147.28, with technology again leading among sectors. The Nasdaq Composite Index [S: COMP] closed up 75.92 points, or 1.5%, at 5,249.69.
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