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Dow, Nasdaq hit multiyear highs

Originally published: February 16, 2012 10:29 AM
Updated: February 16, 2012 8:57 PM
By CHRISTINA REXRODE AND CHRISTOPHER S. RUGABER  The Associated Press

Trader Michael Capolino works the trading floor of

Photo credit: AP | Trader Michael Capolino works the trading floor of the New York Stock Exchange. (Feb. 13, 2012)

Investors sent U.S. stocks barreling upward Thursday, buoyed by encouraging news about jobs and housing.

The Dow Jones industrial average rose 123.13 points to close at 12,904.08, its third triple-digit gain this year. It was the highest close for the Dow since May 19, 2008, four months before the worst of the financial crisis.

As the Dow moved to within sight of 13,000, applause broke...

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