US STOCKS-Wall Street closes sharply higher, but posts weekly loss ...Middle East

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US STOCKS-Wall Street closes sharply higher, but posts weekly loss
Wall Street ended higher at the close of a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy did battle with mounting inflation jitters. All three major U.S. indexes built on Thursday's gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month.

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