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Bank stocks shot higher Friday after an agreement on a financial regulation bill reassured investors that new rules won't devastate financial companies' profits.

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The Dow Jones industrial average has closed at a new 2010 high as investors grow more confident that interest rates will stay at their current low levels

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Discuss  | Read More | |  Bury | Tagged: dow ends week days losses
The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.