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NEW YORK (Reuters) – Stocks advanced modestly upon Friday, leaving the S&P 500 with slight gains in a volatile week as strong economic data overshadowed growth concerns in China and Europe and let investors discount the impact of expected government spending cuts. Stocks opened sharply lower for the session as Asian factories slowed and European output fell, though most of the losses evaporated after a inform showed production activity expanded last month at its fastest clip in 20 months. Consumer sentiment also rose in February as Americans turned more optimistic about the job market. …
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