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Italy progress lifts Wall Street, S&P near record


  • Stocks are up because Italy formed a government and relieved a two-month-long overhang of geopolitical uncertainty from the market.
  • The housing data also boosted the market with its optimism
  • Also lifting markets was Apple Inc (>> Apple Inc.), which jumped 3.5 percent to $431.53
  • The S&P 500 is about a point away from 1,597.35, its all-time intraday high, which it hit earlier this month. If the index closes above 1,593.37, that will mark a new all-time closing high.

April 29, 2013

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