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Empresas y finanzas

S&P 500 hits 8-month high on CIT rescue bid, earnings


    NEW YORK (Reuters) - U.S. stocks rallied on Monday, pushing the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week.

    The Nasdaq set a closing high for the year. Broker upgrades of technology bellwethers, including Cisco Systems , propelled the Nasdaq to its ninth straight daily advance -- matching a streak from July 1998.

    The Dow Jones industrial average shot up 104.21 points, or 1.19 percent, to end unofficially at 8,848.15. The Standard & Poor's 500 Index gained 10.75 points, or 1.14 percent, to finish unofficially at 951.13. The Nasdaq Composite Index jumped 22.68 points, or 1.20 percent, to close unofficially at 1,909.29.

    (Reporting by Edward Krudy; Editing by Jan Paschal)