Wall Street climbs and Dow rises more than 300 points as stocks worldwide rally

By Jack Mendel Wall Street rose on Thursday after a blizzard of reports suggested the US economy is still humming, though inflation may be too. The S&P 500 climbed 0.8 per cent for its best day in two weeks. The Dow Jones Industrial Average rallied 331 points, or 1 per cent , and the Nasdaq composite added 0.8 per cent . Some of the strongest action was in the bond market, where Treasury yields swung up and down several times. While the reports bolstered hopes the US economy will avoid a deep recession, the strength underlying them could also add upward pressure on inflation. One report said U…

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