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S&P 500 Rises to Highest Level Since 2008 on Improving Earnings

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level since June 2008, as companies from United Parcel Service Inc. to Ford Motor Co. and 3M Co. beat analysts’ profit estimates.

 

3M Net Falls 37%; Outlook Pared

3M profit fell 37% in the fourth quarter as global sales declined and margins narrowed. The diversified manufacturer cut its outlook for 2009.

 

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