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Continued: Stocks end July with best gain since January, boosted by Fed pledge

  • Article by: STEVE ROTHWELL , AP Markets Writer
  • Last update: July 31, 2013 - 4:50 PM

In commodities trading, the price of oil rose $1.95, or 1.9 percent, to $105.03 a barrel. Gold dropped $11.80, or 1 percent, to $1,313 an ounce.

Among other stocks making big moves:

— Air Products & Chemicals rose $3.03, or 2.9 percent, to $108.64 after the Wall Street journal reported that activist investor William Ackman had bought a 9.8 percent stake in the gas company.

— Herbalife rose $5.46, or 9.1 percent, to $65.50 after CNBC reported that the veteran hedge fund investor George Soros had taken a stake in the company. Herbalife has been at the center of a battle between Ackman and rival investor Carl Ichan, who are taking opposing positions in the stock.

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