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How many days in a row can stocks rise? Now we are seeing the panic buying or a melt-up, as some in the media are calling it. A stronger Philly Fed index helped, as did CPI and weekly jobless claims. Today was either 8 or 9 days up for the DJIA. Rumors of Greece needing to go the IMF and even a rumor that the Fed might lift the discount rate again did not even kill the market. Here were today's unofficial closing bell levels:
Dow 10,779.17 +45.50 (0.42%)
S&P 500 1,165.82 -0.39 (-0.03%)
Nasdaq 2,391.28 +2.19 (0.09%)
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