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US Financial Markets Touch New Highs

The major financial market averages touched 2016 highs this week and some were not far from record highs as the first-quarter earnings season kicked off. Both the Standard & Poor's 500 index and Dow Jones industrial average were poised to gain 1.7 percent and 2 percent, respectively, for the week. The S&P 500 is now 2.3 percent away from the high reached in May 2015. This has occurred even though the International Monetary Fund cut its global growth forecast and the World...

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