US Stocks jump over 1% on upbeat economic data

Stocks on Wall Street closed with all green as US stocks jump over 1 per cent on upbeat economic data. Dow Jones on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was close to done raising rates after the central bank this week skipped a hike.

S&P 500 climbed 1.23%, Dow Jones Industrial Average rose 1.27%, Nasdaq Composite gained 1.15%.

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