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WALL STREET BUILDS ON FED-FUELED RALLY; NASDAQ HITS NEW HIGH


U.S. stocks climbed on Thursday, led by big tech names, building on gains from a day earlier that were fueled by the Federal Reserve's decision to stand pat on interest rates.The S&P 500 was on pace for its best two-day performance in more than two months, while the Nasdaq set a new intraday high.Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. But the central bank maintained the low-interest rate environment that has helped underpin the bull market for stocks.

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