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Stocks close-in on old highs

Reuters Business
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July 09, 2013 AT 6:11 PM
Summary: U.S. stocks are heading back towards record highs set in May thanks to a four-day upswing; housing stocks rally as foreclosures decline; FedEx gains on investment speculation; Kroger, Harris Tweeter tie up in $2.5 billion deal; Goldman downgrades IBM. Conway G. Gittens reports.