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Urgent: U.S. stocks rally on upbeat earnings, rebounding oil

Xinhua, April 16, 2015 Adjust font size:

U.S. stocks posted sizable gains on Wednesday, with the Nasdaq Composite Index above 5,000 points at closing for the first time since March 23, boosted by generally positive earnings reports and the surging oil prices.

The Dow added over 0.4 percent, and the S&P 500 rose 0.5 percent, while the Nasdaq was up 0.7 percent. Endite