Stocks Soar at Highest Level in Years on Optimism for Banks, Economy

Stocks Soar at Highest Level in Years on Optimism for Banks, Economy

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bull at Meryll-LynchThe Dow Jones industrial average is at its highest level since 2007, and the Nasdaq tech index closed above 3,000 for the first time since 2000, after a day of encouraging signs for the U.S. economy.

Retail sales were strong, the Federal Reserve was optimistic about jobs and growth and 15 of the nation’s biggest banks passed a stress test to determine whether they could withstand another financial crisis.

The Dow surged nearly 218 points, its biggest gain of the year.

(READ the AP story from ABC News)

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