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Updated from 4:23 p.m. EDT
Stocks in the U.S. rallied Friday after Federal Reserve Chairman Ben Bernanke addressed the current subprime mess and President Bush moved to offer federal help to mortgage borrowers.
The Dow Jones Industrial Average jumped 119.01 points, or 0.9%, to 13,357.74, led by a 3.4% jump in shares of Home Depot (HD Quote). The S&P 500 added 16.35 points, or 1.12%, at 1473.99, and the Nasdaq Composite rose 31.06 points, or 1.21%, to 2596.36.
While the major averages finished the week nearly unchanged, the market logged its first winning month since May. The Dow added 1.1% in August, the S&P 500 climbed 1.2%, and the Nasdaq jumped 2%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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