U.S. stocks initially extended gains but then paired them after Federal Reserve Gov. Lael Brainard called for continued 'prudence' in raising interest rates. The S&P 500 was up 15 points, or 0.7%, to 2,142, with all main sectors trading higher. The Dow Jones Industrial Average advanced 107 points, or 0.6%, to 18,195. The Nasdaq Composite rallied 48 points, or 0.9%, to 5,174.
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