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Stocks return to record territory

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NEW YORK (KNOE 8 News/AP) - The Standard & Poor's 500 index pushed back into record territory Monday after the latest round of corporate dealmaking made investors more confident.

KEEPING SCORE: The S&P 500 rose 22 points, or 1.2 percent, to 1,858 as of 12:05 p.m. Eastern time, ten points above its record high close of 1,848 reached on Jan. 15. The index had slumped since then as investors grew worried about slowing growth in the U.S. and China, as well as emerging markets like Argentina.

The Dow Jones industrial average rose 189 points, or 1.2 percent, to 16,258 and the Nasdaq composite rose 41 points, or 1 percent, to 4,304.

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