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NEW YORK — As governments in France, Italy, Germany, Great Britain and other countries announced their respective global recovery plans, stock markets rallied on the promising news.

Major stock indexes were up 5% early this morning with the Dow Jones industrial average amassing a 520-point gain, trading 6.2% higher at 8,971.69, The Wall Street Journal reported. The S&P 500 was also up 6.2%, trading at 954.61 as was the NASDAQ composite index and the small stock Russell 2000, according to the publication.

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