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Upbeat data, deals lift stocks

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By Rodrigo Campos

Reuters

NEW YORK — U.S. stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week.

Investors have been trying to gauge when the U.S. central bank will start winding down its market-friendly $85 billion monthly bond purchases, with some expecting the Fed to announce a tapering in March.

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