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Article posted: 4/29/2013 4:09 PM

S&P 500 reaches new high, led by tech

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U.S. stocks rose Monday, with the Standard & Poor's 500 Index advancing to a record high, as pending sales of homes climbed amid optimism central banks will maintain stimulus plans.


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Technology companies led the Standard & Poor's 500 index to an all-time closing high Monday. The stock market has recovered all the ground it lost over the previous two weeks, when worries over slower economic growth, falling commodity prices and disappointing quarterly earnings battered financial markets.
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