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Big gains on Wall Street ... World markets powering higher ... Putin says won't force exporters to sell currency

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NEW YORK (AP) — A pledge from the Federal Reserve to remain "patient" when deciding when to lift interest rates gave the stock market its biggest gain in more than a year yesterday. The S&Ps 500 index rose 40.15 points, or 2.04 percent, to 2,012.89. That was the biggest gain for the index since October 2013.The Dow Jones industrial average gained 288 points, or 1.7 percent, to 17,356.87. And the Nasdaq composite climbed 96.48 points, or 2.1 percent, to 4,644.31.

UNDATED (AP) — World stock markets powered higher today. In early trading in Europe, markets in France, Germany and Britain are up. Most Asian markets closed higher, but stocks in China and South Korea fell.

WASHINGTON (AP) — A U.S. official says federal investigators have connected the hacking of Sony Pictures Entertainment to North Korea. The official says a more formal statement might come soon. The unidentified hackers also had demanded that Sony cancel its release of the movie "The Interview," a comedy about a CIA plan to assassinate North Korea's leader. Sony now says it doesn't plan to release the movie.

MOSCOW (AP) — Russian President Vladimir Putin says there are no plans to introduce obligations for exporters to sell their hard currency earnings to help stabilize the ruble. He says the government should work with exporters to help stabilize the plummeting currency, but adds that it shouldn't be done through formal orders. Putin is promising that the national economy will rebound and the ruble will stabilize. He says the current crisis could last two years at most.

WASHINGTON (AP) — The Labor Department releases weekly jobless claims at 8:30 Eastern Time this morning. Mortgage company Freddie Mac releases weekly mortgage rates at 10 a.m. and the Conference Board releases leading indicators for November.

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