Huffpost Business

Stocks Rise Moderately After Record Highs

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Wall Street extended its rally with modest gains in the major indexes following two days of sharp advances, despite economic readings that painted a mixed picture of the economy.

Thought the indexes rose, declining issues narrowly outpaced advancers on the New York Stock Exchange.

On Tuesday and Wednesday, the market had posted its biggest two-day rally in five years. Hopes have been growing that financial companies may be recovering from the credit crisis and that the Federal Reserve may lower interest rates to calm the markets.