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Stock market live updates: Stocks jump on Powell speech, new inflation view, Dow goes positive for 2020

The stock market got a boost from the Federal Reserve’s policy shift to allow inflation to run higher than the standard 2% target before hiking interest rates. The S&P 500 rose for a fifth straight day to top 3,500 for the first time ever, while the Dow wiped out all of its losses from the coronavirus-triggered sell-off. Here’s what’s happening: 

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