Markets Close High Following Strong Economic Data

NEW YORK, Aug 27 (Reuters) – Wall Street rallied in a volatile session on Thursday, fueled by optimism after strong U.S. economic data and by hints that a September interest-rate hike was unlikely.

The Dow Jones industrial average rose 369.26 points, or 2.27 percent, to 16,654.77, the SP 500 gained 47.16 points, or 2.43 percent, to 1,987.67 and the Nasdaq Composite added 115.17 points, or 2.45 percent, to 4,812.71. (Reporting by Noel Randewich; Editing by Nick Zieminski)

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