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Stocks were also trading higher in Europe. Britain’s FTSE 100 rose 1.4 percent, Germany’s DAX index rose 1.3 percent, and France’s CAC-40 rose 2.3 percent. Hong Kong’s Hang Seng index rose 0.1 percent.

About five stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume was low at 4.8 billion shares. Volume has been relatively low throughout a strong rally that brought the Dow up 10.4 percent in September, sugggesting that many investors are still sitting on the sidelines.

AP business writer Bernard Condon contributed to this report.