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US stocks surge on toxic asset plan, home sales
U.S. stocks staged the strongest rally this year on Monday as the market was boosted by U.S. government's latest plan on clearing bad bank assets and a larger-than-expected rise in existing home sales.

U.S. stocks staged the strongest rally this year on Monday as the market was boosted by U.S. government's latest plan on clearing bad bank assets and a larger-than-expected rise in existing home sales. S&P 500 indexes jumped more than 7 percent, while Dow surged nearly 500 points. The Dow Jones Industrial Average is seen on a digital display at the New York Stock Exchange March 23, 2009.[Xinhua] 



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