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US stocks rise on data, dovish ECB meeting

Wall Street stocks rose Wednesday following a wave of mostly solid US data and a fresh confirmation of ultra-easy money policies by the European Central BankWall Street stocks rose Wednesday following a wave of mostly solid US data and a fresh confirmation of ultra-easy money policies by the European Central Bank. The broad-based S&P 500 rose 4.66 (0.22 percent) to 2,114.26, while the tech-rich Nasdaq Composite Index gained 22.71 (0.45 percent) to 5,099.23. The Federal Reserve’s Beige Book reported that the US economy returned to modest-to-moderate growth during April and May after stalling in the first quarter of the year.

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