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U.S. stocks closed sharply higher Friday, with the S&P 500 index hitting a record high after oil prices topped $60 a barrel for the first time in 2015. The blue-chip Dow Jones Industrial Average climbed above the psychologically important 18,000, despite consumer sentiment dropping from an 11-year high this month. Meanwhile, the tech-heavy Nasdaq Composite index closed at its highest level in nearly 15 years.
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