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June 26, 2020
Financial companies led stocks broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
The S&P 500 was up 0.9% following a jumpy day of trading. At one point, the index swung between gains and losses of about 1%. The rally strengthened toward the end of the day, placing the market on pace to recoup some losses from a day earlier, when it had its biggest drop in nearly two weeks.
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