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U.S. Stocks Join Global Rally

wochit business
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September 16, 2013 AT 12:40 PM
Stocks drifted off their session highs in late trading but still surged, as investors' enthusiasm waned for the news that Lawrence Summers bowed out of the running to lead the Federal Reserve. Mr. Summers's withdrawal also stoked a rise in Treasurys and gold prices, a decline in the dollar and gains in European stocks.