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Dow finishes up over 400 points as stocks extend rally

Dow finishes up over 400 points as stocks extend rally

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Stocks ended higher Thursday, extending their weekly gains, a day after the Federal Reserve increased its policy rates for the first time since 2018 and kicking off a new era of tighter financial conditions to help combat inflation. The Dow Jones Industrial Average DJIA, +1.23% rose about 416 points Thursday, or 1.2%, ending near 34,479.

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