Stocks rise as dollar advances on optimism about US economy
NEW YORK (AP) — Wall Street has enjoyed a big rally, with investors sending the Dow Jones industrials up nearly 190 points in response to a stronger dollar and falling energy prices.
Better-than-expected economic data and the Federal Reserve's apparent resolve to monitor inflation gave the dollar a boost. The dollar's own rally has helped drive down crude oil prices, which in turn is alleviating some of the market's anxieties about inflation.
The rally on Wall Street has given the Dow its first close above 13,000 since Jan. 3.
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