Wall Street perks up; S&P 500 edges even closer to record
NEW YORK (AP) — Stocks closed higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. The S&P 500 added 0.6% after spending much of the day waffling between smaller gains and losses. It rose for the fifth day in a row and is now back within 1.1% of the record high it set in February. The Dow rose 185 points as investors waited for Congress and the White House to reach a hoped-for deal on more aid for the economy. The Nasdaq closed at another record high.
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