Wall Street advances as bank shares climb

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Reuters NEW YORK
Last Updated : Dec 16 2016 | 2:48 AM IST

NEW YORK (Reuters) - U.S. stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade.

The Dow Jones industrial average rose 59.59 points, or 0.3 percent, to 19,852.12, the S&P 500 gained 8.74 points, or 0.39 percent, to 2,262.02 and the Nasdaq Composite added 20.18 points, or 0.37 percent, to 5,456.86.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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First Published: Dec 16 2016 | 2:32 AM IST

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