Indices closed out with gains on Friday. Stocks stepped up in the wake of favorable manufacturing data. The Institute for Supply Management’s factory index climbed to 56.4 in October, the highest level since April 2011, from 56.2 in September.
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Wednesday’s session closed in the red zone. Stocks traded lower amid comments from the FOMC meeting. The Federal Reserve will continue its $85 billion bond-buying program and leave interest rates at current low levels, noting an increased jobless rate and deceleration in the housing market’s recovery.