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Better news on the economy drives stocks higher

Better news on the economy drives stocks higher

The stock market bounced back on Thursday.

Encouraging signs on the first day of spring that the economy is emerging from its winter slumber helped boost stocks a day after the market dipped on concerns that the Federal Reserve would raise interest rates sooner than investors had anticipated.

The stock market has become more volatile this year as Fed policy makers have started reducing their economic stimulus, and investors have fretted whether the economy is strong enough to maintain its recovery without the central bank's support.

“The economy is likely to have a good bounce in the spring time,” said Peter Cardillo, chief market economist at Rockwell Global Capital....

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