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US STOCKS rose yesterday, boosted by encouraging data on consumer spending, as the Dow Jones Industrial Average and the S&P 500 recorded their biggest first-quarter point gains ever.

Dow Industrials rose 994.48 points, or 8.1 per cent, and the S&P 500 rose 150.87 points, or 12 per cent, during the first three months of 2012, amid signs of a strengthening US economic recovery.

Wall Street overcame a mid-morning swoon yesterday in the US to finish higher. The Dow gained 66.22 points, or 0.5 per cent, to 13212.04, and the Standard & Poor's 500-stock index broke a three-session streak of declines to gain 5.19 points, or 0.4 per cent, to 1408.47.

The Nasdaq Composite declined 3.79 points, or 0.1 per cent, to 3091.57. In the first quarter, the Nasdaq rose 486.42, or 19 per cent.



http://www.theaustralian.com.au/business/markets/wall-street-rises-as-disney-stars-on-dow-index/story-e6frg916-1226315116313


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