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U.S. stocks rose after Cyprus secured a bailout to prevent the collapse of its banking system. The deal boosted the Standard & Poor’s 500 index to within a half-point of its record high.

The S&P 500 rose 0.5 percent shortly after the market opened. It climbed in early trading to within a half-point of its all-time high, set in October 2007. The Dow Jones industrial average rose 0.3 percent, the Nasdaq composite 0.5 percent.

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