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Byline: CRAIG SHAW
Stocks rose Thursday as favorable data on inflation and factory activity lifted hopes ahead of Friday's payrolls report. The benchmark S&P 500 gained 0.5%, the Dow industrials 0.2% on slightly higher volume. The small-cap S&P 600 added 0.7% for its sixth straight gain.
MSC Industrial Direct gapped up 1.22 to 31.17 on twice normal trade, clearing a 10-week consolidation. The industrial tool distributor topped second-quarter profit views by 2 cents a share for its sixth straight quarter of double-digit earnings growth. It cited market share gains, customer growth and improved profit margins. The firm forecast third-quarter profit above Wall Street estimates, but warned that customers remain cautious in capital spending.
Nu Skin Enterprises gained 0.93 to 21.08 on the heaviest trade in nearly a month. The personal care products maker closed 4% off its 52-week high as it builds the third stage of an ascending base. Its Cosmetics/Personal Care group ranks No. 5 of IBD's 197 industries. Nu Skin was featured in Thursday's NYSE Stocks In The News.
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