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On the economic front, manufacturing reports gave traders some reason for optimism.
That agreed with other manufacturing reports released around the world on Tuesday.
The report was released a day before two larger national manufacturing reports.
Earlier mixed manufacturing reports for January, with China disappointing but the eurozone generally positive, made investors slightly cautious.
The data follows other weak regional manufacturing reports and a sharp drop in durable goods orders last month.
But throughout the trading session, the manufacturing reports were particularly worrisome, analysts said, because the sector had been a strong point in an otherwise weak recovery.
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A regional manufacturing report from the Philadelphia Federal Reserve pointed to slumping demand and rising prices.
Shares of other financial services companies rose on the manufacturing report.
America's first manufacturing report of the year showed activity accelerating to the fastest level since 2004.
The services report followed the institute's manufacturing report on Monday, which showed expansion there at a slightly slower pace.
But Norbert J. Ore, who oversees the monthly manufacturing report, warned that factories still had a lot of unused capacity.
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