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A nearly $5-a-barrel drop in crude oil futures on Friday was warmly received by the stock market, as each of the three major averages rallied more than 2%.


Dow Jones Industrial Average

rose 302.89 points, or 2.7%, to 11,734.32, and the

S&P 500

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advanced 30.25 points, or 2.4%, to 1296.31. The

Nasdaq Composite

finished 58.37 points higher, or 2.5%, at 2414.10.

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This article was written by a staff member of