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Spain's austerity budget drives US stocks higher

Published on Sep 28, 2012 8:20 AM

NEW YORK (AFP) - United States (US) stock markets scored solid gains on Thursday amid speculation of additional stimulus measures from China and after Spain announced a 2013 austerity budget.

The Dow Jones Industrial Average advanced 72.46 points (0.54 per cent), closing at 13,485.97.

The S&P 500, a broad measure of the markets, jumped 13.83 (0.96 per cent) to 1,447.15, snapping a five-day slump.

The Nasdaq Composite added 42.90 (1.39 per cent) at 3,136.60.

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