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S 500 index has first close above 1,700 points

wochit business
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August 01, 2013 AT 4:48 PM
Stock indexes are back at record highs on Wall Street after better economic news sent the market sharply higher. The benchmark Standard & Poor's 500 index closed above 1,700 points for the first time. Better manufacturing news in China and the U.S. as well as encouraging reports on jobs and company earnings sent the market up