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Stocks Bounce Back on Factory Data

Stocks Bounce Back on Factory Data (Bloomberg)

Investors continued to watch for developments in Ukraine, while data showing a jump in industrial production increased confidence in the economy, boosting stocks for the day. “The data helped to give some evidence to the fact that some of the weak-ish numbers were clearly evidenced by the weather,” Mark Luschini, chief investment strategist at Philadelphia-based Janney Montgomery Scott LLC, said. “We may be seeing that trend fade and the better numbers are on their way.”

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