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Wall Street climbs as investors hold out for recovery; Nasdaq at 3
May 20, 2020 | By Moneycontrol.com
business
The three indexes have rallied more than 30 percent from March lows on unprecedented stimulus, but gains have been capped this month as traders digest mixed headlines on progress in developing a coronavirus vaccine.
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Wall Street's main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5 percent below it
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