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VOL. 40 | NO. 37 | Friday, September 9, 2016

US stocks close solidly higher

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NEW YORK (AP) — U.S. stocks are closing solidly higher as traders hope the Federal Reserve will hold off on raising interest rates next week.

A Federal Reserve official said Monday she's not eager to raise interest rates too soon, a possibility that had worried investors.

Investors put money into safe-play investments like household goods makers and phone companies that pay high dividends. Technology companies also rose.

AT&T rose 2.5 percent and Procter & Gamble gained 2.3 percent.

The Dow Jones industrial average added 239 points, or 1.3 percent, to 18,325.

The Standard & Poor's 500 index rose 31 points, or 1.5 percent, to 2,159. The Nasdaq composite climbed 85 points, or 1.7 percent, to 5,211.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.67 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0