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S&P 500 Heads for Longest Rally Since 1998 on Economy

The Standard & Poor’s 500 Index is one trading day away from completing the longest stretch of quarterly gains in 16 years, as central bank stimulus and confidence in economic growth sent stocks to all-time highs.

Netflix Inc. and Facebook Inc. advanced more than 12 percent in the quarter, leading a rebound from a two-month selloff in Internet and small-cap stocks. Allergan Inc. and Williams Cos. jumped at least 40 percent during the busiest period of takeovers in seven years. Schlumberger Ltd. and ConocoPhillips surged more than 20 percent, driving energy companies to the best gain among 10 S&P 500 industries, as oil prices climbed amid unrest in Iraq and Ukraine.