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Business

Dow jumps more than 800 points as fears of interest rate hikes subside

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Shares rose after recent economic data dampened investors’ expectations of aggressive interest rate hikes from the Federal Reserve, giving the S&P 500 its first weekly rise in four weeks.

The Dow Jones Industrial Average rose 826 points, or 2.7 percent, while the S&P rose 3.1 percent. The technology-heavy Nasdaq Composite increased by 3.3%.



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