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S&P, Nasdaq climb 1 percent; Merck, Amazon lead


    NEW YORK (Reuters) - Stocks extended gains on Friday, with the S&P and Nasdaq up more than 1 percent, after a report on economic growth fed hopes for more Federal Reserve stimulus, with added support from Merck and Amazon.com after quarterly results.

    The Dow Jones industrial average gained 102.89 points, or 0.80 percent, to 12,990.82. The Standard & Poor's 500 Index rose 14.42 points, or 1.06 percent, to 1,374.44. The Nasdaq Composite Index climbed 32.19 points, or 1.11 percent, to 2,925.44.

    (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)