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U.S. Stocks Advance on Policy Bets as Earnings Beat Estimates

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By Rita Nazareth

August 7, 2012 at 4:27 PM EDT

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U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a third straight day, amid better-than-estimated corporate earnings and speculation global central banks will take steps to boost economic growth.

JPMorgan Chase & Co. and Morgan Stanley rallied at least

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