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New York: Wall Street closed sharply higher yesterday as widespread fears over liquidity in the banking sector abated and market participants eyed the Federal Reserve, which is expected to conclude its two-day policy meeting later today with a 25



basis-point hike to its policy rate.

The Dow Jones Industrial Average gained one percent, the S&P 500 rose 1.3 percent and the Nasdaq Composite index climbed 1.6 percent. 



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