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January 27, 2023

Stocks hit best level in nearly eight weeks

AP Business Writer

NEW YORK — Stocks rose Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared.

The S&P 500 climbed 1.1% to clinch its highest finish since Dec. 2. The Dow Jones Industrial Average gained 205 points, or 0.6%, while the Nasdaq composite rallied 1.8%.

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