Wall Street advances after stream of economic data
NEW YORK (Reuters) – Stock index rose on Friday after a batch of positive economic data points, but gains were checked with the benchmark S&P index at five-year highs as investors looked for strong catalysts to push the market further upward. Data showed Chinese exports grew more than expected in January, while imports climbed 28. 8 percent, highlighting robust domestic demand, while German data showed a 2012 surplus that was the nation’s second highest in more than 60 years, an indication of the underlying strength of Europe’s biggest economy. Another positive sign was U. S. . . .
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