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News Link • Economy - Economics USA

Stocks Gain, S&P Nears All-Time High; HPQ Falls

 The Dow Jones Industrial Average hit a fresh intraday high of 14,684.49, propelled by UnitedHealth and Home Depot. Hewlett-Packard led the blue-chip laggards.

The S&P 500 and the Nasdaq were also higher. The next milestone for the S&P 500 is its all-time intraday high of 1,576.09, set on October 11, 2007.

The Dow and S&P have zigzagged between gains and losses for the ninth trading session. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded slid below 13.

Among key S&P sectors, health care and consumer staples rallied, while materials lagged.

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