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U.S. stocks edged higher on Monday, shaking off a surprise contraction in U.S. manufacturing, which some investors took as a signal the Federal Reserve will take more forceful actions to boost the economy.
The Dow Jones industrial average was down 8.70 points, or 0.07 percent, at 12,871.39. The Standard & Poor’s 500 Index was up 3.35 points, or 0.25 percent, at 1,365.51. The Nasdaq Composite Index was up 16.18 points, or 0.55 percent, at 2,951.23.