NEW YORK (Reuters) - U.S. stocks surged on Thursday, driving the Dow industrials to a record closing high on strong earnings from a range of companies such as investment bank Bear Stearns Companies and an improving outlook for both the U.S. economy and corporate profits.
The Dow Jones industrial average was up 98.70 points, or 0.80 percent, at 12,416.20. The Standard & Poor's 500 Index was up 12.23 points, or 0.87 percent, at 1,425.44. The Nasdaq Composite Index was up 21.44 points, or 0.88 percent, at 2,453.85.
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