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Stocks end sharply higher, S&P 500 scores longest win streak since 2021

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U.S. stocks booked big gains on Thursday, a day after the Federal Reserve skipped a June rate hike, but indicated more increases could be on the table this year. The Dow Jones Industrial Average jumped about 430 points, or 1.3%, ending near 34,409:

U.S. stocks booked big gains on Thursday, a day after the Federal Reserve skipped a June rate hike, but indicated more increases could be on the table this year. The Dow Jones Industrial Average DJIA, +1.26% jumped about 430 points, or 1.3%, ending near 34,409, according to preliminary FactSet data, while the S&P 500 index SPX, +1.22% gained 1.2% to score a sixth session in a row of wins and its longest stretch of straight gains since Nov. 8, 2021, according to Dow Jones Market Data.

rose about 3.5% to $349, per preliminary data, a record close on Thursday.

 

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