US stocks climb for 2nd day running


19/07/2012 08:47 AST  Business Times

US stocks climbed for a second straight day Wednesday amid upbeat earnings reports and after a Federal Reserve report said the economy continued to grow, at least at a modest pace.

The Dow Jones Industrial Average added a hefty 103.16 points (0.81 per cent), finishing the session at 12,908.70.

The S&P 500-stock index climbed 9.11 (0.67 per cent) to 1,372.78, while the tech-rich Nasdaq surged 32.56 (1.12 per cent) to 2,942.60.

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