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US Stocks Head Higher; Financial, Energy Sectors Bounce Back

U.S. stocks surged Friday, led by a rebound in the financial and energy sectors. But it was also the last day of the third quarter for 2016. On the last day of the calendar quarter, something called "window dressing" occurs, meaning funds buy the top-performing equities and sell the worst performing in an effort improve the appearance of a fund's performance. On average, this leads to market strength. Just Thursday, Deutsche Bank saw its worst day in five years after a...

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