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News Summary: S&P 500 closes above 1,500

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NEW MILESTONE: The Standard & Poor's 500 index closed above 1,500 on Friday for the first time since the start of the Great Recession in 2007, lifted by strong earnings from Procter & Gamble and Starbucks. TURNAROUND AT WORK: Procter & Gamble, which makes a host of consumer products including Tide detergent and Gillette razors, gained $2.83 to $73.25 after reporting that its quarterly income...

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