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U.S. Stocks Extend Gain on Report of $600 Billion IMF Loan Talks

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U.S. Stocks Extend Drop
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Photographer: Jin Lee/Bloomberg

Dec. 7 (Bloomberg) -- U.S. stocks extended gains after Nikkei reported that the Group of 20 nations is considering a $600 billion International Monetary Fund lending program to halt Europe’s debt crisis.

The Standard & Poor’s 500 Index climbed 0.5 percent to 1,264.70 at 3:43 p.m. in New York.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

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