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U.S. stocks sprinted higher after a smaller-than-expected drop in a regional manufacturing activity soothed investor concerns.The rout in the commodities market continued as investors curtailed winning gold and oil positions in order to build cash reserves. In a Reuters exclusive, an eBay spokeswoman said the Online auctioneer will trim its global workforce. Nike shares rallied after posting a 32 percent jump in quarterly profits. Conway Gittens reports from New York.
