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Stocks soar on stimulus hopes
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he Dow Jones Industrial Average on Friday rose 100.51 points, or 0.8 percent, to close at 13,157.97, marking its first three-digit gain in three weeks. Stocks were buoyed by hopes that the Federal Reserve would soon launch a new round of stimulus to boost the lackluster economy, after Fed Chairman Ben Bernanke, in a letter to Rep. Darrell Issa (R-Calif.), said there is still room in the economy for the central bank to inject more money. The minutes from the Fed's latest interest-rate meeting were also released this week, revealing that many members of the Fed's policy-making committee were prepared to take more action soon if the economic recovery did not gain momentum.

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