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Post by bot on Oct 1, 2013 18:42:18 GMT -5
SAN FRANCISCO (MarketWatch)-- U.S. stocks posted broad gains Tuesday as a partial government shutdown removed an element of uncertainty that had dogged stocks in the prior two sessions. The Dow Jones Industrial Average gained 62 points, or 0.4%, to 15,192. Merck & Co. led the blue-chip average with a 2.4% gain after the pharmaceutical company announced lay-offs. The S&P 500 gained 13 points, or 0.8%, to 1,695. Health-care led gains that included all 10 of the S&P 500's industry groups. Tuesday was the first day that a key element of the Obama Administration's contested health legislation went into effect. The Nasdaq Composite added 46 points, or 1.2%, to 3,818.
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