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US stocks rise after Biden taps Powell for a new Fed term
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks are higher in afternoon trading on Wall Street Monday as investors head into a holiday-shortened week with reassurance about leadership at the Federal Reserve. The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.8% and the Nasdaq fell 0.2%. President Joe Biden
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