Wall Street rises; indexes up second straight week
The only declining sector was telecom, which is viewed as a defensive play. Energy, which is closely tied to the pace of economic growth, was the day’s biggest advancer, up 1.5 percent.
In the latest data point affected by harsh winter weather, factory production fell 0.8 percent in January, the biggest drop in more than 4½ years. Investors have been willing to forgive soft data of late, attributing weak results to bad weather as opposed to a slowing economy.
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