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Favorable Outlook Sparks Market Rally
A favorable government economic outlook sparked a broad stock market rally in New York. The Dow rose 5.37 to 840.08, the NYSE composite gained 24. 1052.44, and volume climbed to 2.16 million shares as leading indicators for August showed a 0.8 percent rise while July was revised to a 0.3 increase. Standouts included Standard Poor's 400 up 61 to 105.49 and the S&P 500 at 15.85, with Savin and Sage among notable movers amid mixed earnings signals.
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