Stocks in Santa Rally, Dollar Up
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A Santa Claus rally pushed Wall  Street's blue-chip stocks to their highest close in 3-1/2 years  on Tuesday, boosted by a rebound in drugmaker Pfizer Inc.  PFE.N.
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Wall Street is hoping its traditional year-end "Santa rally" will pick up steam in the week ahead.
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Japanese stocks rose early Thursday as investors welcomed gains the day before. The dollar was up against the yen.
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The dollar sprang higher across the  board on Friday in a technically-driven rally that gained  momentum after remarks by U.S. Treasury Secretary John Snow,  traders said.
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Stocks extended their rally on Friday,  lifting the Standard & Poor's 500 Index .SPX to a 3-year  high, while bonds and gold rose and the dollar and oil dropped.
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Stocks rose on Wednesday, led by gains in energy and semi-conductor shares.
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US stocks opened higher on Wednesday after news that core inflation rose only slightly more than expected last month. Strong earnings from computer maker Hewlett-Packard Co.
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U.S. stocks rallied on Friday, with the S&P 500 up 1 percent and the Nasdaq climbing to its highest in a little more than six years, as investors got some reassuring news about the economy's health from government data pointing to moderate core inflation, excluding food and energy.
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U.S. stocks ended higher on Wednesday,  with the dollar strengthening and shares of drugmaker Merck &  Co. MRK.N helping to lift the blue-chip Dow after the company  issued a forecast that was not as weak as some investors had  expected.
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U.S. stocks rallied on Monday, with the S&P 500 index reaching a six-year high and the Nasdaq jumping more than 1 percent as lower oil prices and a wave of takeover deals boosted optimism about the economic outlook and corporate valuations.
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Stocks pushed higher in Europe and Asia in a shortened holiday trading session Friday while the euro hit record highs against the dollar for a second day running.
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The dollar rallied on Tuesday,  extending gains after minutes of a December Federal Reserve  policy-setting meeting signaled the U.S. central bank remains  on track to continue raising interest rates, analysts said.
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U.S. stocks rallied on Thursday, with the S&P 500 touching a six-year high and the Nasdaq jumping more than 1 percent, after higher-than-expected earnings from companies, including Ciena and Costco, improved the outlook for steady profit growth.
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U.S. stocks rose on Thursday after  durable goods data pointed to a healthy pace of activity in the  factory sector and another report showed an improvement in  consumer sentiment for December, but the session was expected  to be quiet before the Christmas holiday.
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U.S. stocks opened higher on Monday,  with Wall Street extending its year-end rally in what is  expected to be a light, post-holiday trading day.
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Is there a Santa Claus rally underway? Look no further than Fannie Mae (NYSE: FNM). The stock has traded up as much as 5% on news that the CEO and CFO have left the company and the auditors have been dismissed.
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A decline in oil prices and a bump-up for the dollar in currency trading has Wall Street extending its Santa Claus rally in the early going.