Stocks closed higher on Wall Street as two economic reports suggested the economy is cooling enough for the Federal Reserve to pause hiking interest rates.
The Dow Jones Industrial Average rose 292.69 points, or 0.8%, to 34,852.67.The Russell 2000 index of smaller companies rose 26.53 points, or 1.4%, to 1,895.54.The Nasdaq is up 353.11 points, or 2.6%.The S&P 500 is up 658.13 points, or 17.1%.The Russell 2000 is up 134.29 points, or 7.6%.
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