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Stocks head higher after ECB takes new steps

By Matthew Craft
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Stocks head higher after ECB takes new steps

NEW YORK (AP) — New steps from the European Central Bank to revive the region’s flagging economy gave markets a lift Thursday, pushing the Standard & Poor’s 500 index to another record high.

In the U.S. market, the gains were broad but modest. All 10 industries in the S&P 500 crept higher, led by industrial companies and banks.

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