Economics

U.S. Stocks Rise as Fed Official Says FOMC Backs Stimulus

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By Nikolaj Gammeltoft

June 3, 2013 at 4:57 PM EDT

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U.S. stocks rose, with the Standard & Poor’s 500 Index erasing earlier losses, after Federal Reserve Bank of Atlanta President Dennis Lockhart said central bank officials are committed to record stimulus measures.

Merck & Co. and Bristol-Myers Squibb Co. jumped at least

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