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April 5, 2021

Risky investments soared at start of 2021

AP Business Writer

NEW YORK — Who needs safety when the world's about to get back to normal?

Risky stocks seen as nearly untouchable a year ago burst to the market's best performances during the first three months of 2021, headlining a fourth straight quarter of gains for the S&P 500. Stocks of airlines, oil producers and banks soared on expectations that COVID-19 vaccinations and massive spending by the U.S. government are setting the stage for a roaring economic recovery this year.

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