Economics

U.S. Stocks Rise to Highest Level Since May on Manufacturing

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By Rita Nazareth and Cecile Vannucci

July 1, 2011 at 9:46 AM UTC

Updated on

July 1, 2011 at 8:32 PM UTC

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U.S. stocks advanced, sending benchmark indexes to their highest levels since May and the biggest weekly gains in almost two years, amid an unexpected pickup in American manufacturing growth.

Home Depot Inc., 3M Co. and Intel Corp. rallied at least