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Business update: US stocks move higher

The Associated Press
NEW YORK — It was a stock market turnaround.
Stocks rose sharply Thursday, with large parts of the market erasing losses from the previous day as investors cheered a batch of strong earnings and data that showed the U.S. economy grew at a robust annual rate in the fourth quarter.
Investors also got a welcome respite from the recent turmoil in overseas markets, particularly in Turkey and Argentina.
The Standard & Poor’s 500 index rose 19.99 points, or 1.1 percent, […]

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