The Dow Jones Industrial Average soared to its highest close this year on news that the richest countries will continue to prop up their economies with government spending. The Group of 20 finance ministers released a statement pledging to continue stimulus programs and hold interest rates at historic lows. The Dow's 2% increase was joined by a 2.2% climb for the Standard & Poor's 500 index and a 2% gain for the Nasdaq composite. European stocks followed the trend, with stock indexes rising in London, Paris and Frankfurt.

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