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Stocks rise; Tesla and Facebook record highs

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NEW YORK — Stocks climbed on Thursday after a reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs.

The major indexes swung between slight gains and losses in early trading, but were clearly in the black after noon and didn’t look back. The S&P 500 ended less than 0.5 percent below its record close set last month at 1,848.38.

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