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U.S. stocks soar on European pledge to help banks

Published 10/10/2011, AP Business Writers

Stocks surged on the latest positive news out of Europe today, the fourth sharp increase in the last five days. It's a dramatic turnaround from last Tuesday, when the S&P 500 index nearly fell enough to meet the definition of a bear market. Since then the widely used index has soared 8.7 percent.

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