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US stocks rose in choppy trade on Friday after tech bellwether Google Inc posted reassuring results and energy stocks tracked the price of oil higher. Wall Street was on track to snap its bruising three-week run with its best week in 5 years.
Adding to optimism, major global money rates fell, supporting the view that central banks have turned the tide in their fight to unlock credits for cash-strapped banks and borrowers.
Energy stocks, such as Chevron helped push the market higher, as oil jumped $4 spurred by expectations Opec could cut output at an emergency meeting next week. Google shares jumped after its profits surpassed Wall Street expectations as the Internet search and advertising company said Web traffic and revenue growth were strong. IBM shares rose after it said it expects to meet long-term profit forecasts despite economic turmoil.
The Dow Jones industrial average rose 269.84 points, or 3.01 percent, to 9,249.10. The Standard & Poor's 500 Index climbed 33.86 points, or 3.58 percent, to 980.29. The Nasdaq Composite Index was up 56.22 points, or 3.27 percent, at 1,773.93.

Copyright Reuters, 2008

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