Most of the biggest US banks passed the latest round of “stress tests" administered by federal regulators—a milestone in the recovery from the financial crisis that clears the way for investors to receive tens of billions of dollars in increased bank dividends and share buybacks.

Stock prices reacted positively amid a spate of other upbeat economic news, including a robust retail-sales report and optimistic comments by Fed officials on the overall state of the US economy.

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The Wall Street Journal

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