Stocks Are Past the September Doldrums—for Now, at Least

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Text size Fed Chair Powell successfully communicated to markets without spooking stocks. Mark Wilson/Getty Images The September stock market slump might just be over. Investors showed signs of renewed confidence on Thursday, sending stocks higher as they took comfort from the Chinese central bank’s injection of more cash into the banking system as well as a steady hand from the Federal Reserve at its Wednesday meeting. The Dow gained 507 points, or 1.5%, to close at 34,764.82 on Thursday, marking the index’s largest two-day percentage gain since March. The S&P 500 rose 1.2% a
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