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A decidedly positive tone among market participants has the S&P 500 up sharply to its best level in more than two years. The ascent has been steady and broad based.
Buying has been steady and broad based, such that almost 90% of the names in the S&P 500 are in higher ground. Of the major sectors, only utilities (+0.5%), consumer staples (+0.8%), and telecom (+0.8%) have gained less than 1%. Such strength has helped the benchmark Index push through resistance along the 1300 line to its best level since September 2008.
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