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U.S. stocks rally and close with another record for the Dow

Trader Kevin Walsh works on the floor of

Trader Kevin Walsh works on the floor of the New York Stock Exchange, Friday, Dec. 2, 2016. Photo Credit: AP / Richard Drew

A modest upturn in afternoon trading was enough to deliver record high closes for the Dow Jones industrial average.

The Standard & Poor’s 500 index of large companies ended just below its own record high Tuesday.

ON WALL STREET: At the close, the Dow Jones industrial average was up 35.5 points, about 0.2 percent, at 19,251.8. The S&P 500 gained 7.5 points, about 0.3 percent, to 2,212.2. The Nasdaq composite added 24.1 points, about 0.5 percent, to 5,333.

OIL PRICES: Oil prices continued to give up gains from a rally fueled by the oil cartel OPEC’s deal to trim production. As markets closed Tuesday, benchmark U.S. crude was down $1.08 at $51.75 a barrel in electronic trading on the New York Mercantile Exchange. In London on the Intercontinental Exchange Europe, Brent crude, used to price international oils, shed $1.14 to $53.80 a barrel.

MAKING MOVES: Phone companies rose more than the rest of the market. AT&T jumped 1.9 percent. Banks also rose.

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