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Dow Logs 3-Day Rally, S&P Closes at 1400

April 26, 2012

Stocks closed near their best level in thin trading Thursday, with the S&P rallying to 1,400, as hopes for further stimulus from the Federal Reserve seemed to overshadow worries over the jobs market and some tepid earnings reports. "It's remarkable that we've come back to 1,400 on the S&P," said Brian Battle, vice president of trading at Performance trust Capital Partners, adding that the index's 11 percent rally so far this year is outperforming the Dow's 8 percent gain. "But 2012 will be a year of moves up and down because of lack of info and volume."