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NASDAQ 5000

The Nasdaq closed over 5,000 for the first time in nearly 15 years, sparking both optimism and worry. Investors still remember the Nasdaq bubble bursting and a tumble down to the 1,114 level, while others look to more realistic valuations and actual revenue and profit among the companies involved. (CNBC)

Manufacturing grew in February at its slowest pace in a year, limited by weaker growth abroad and a work slowdown at West Coast ports. Manufacturing growth has slowed, but it’s still expansionary.  (Bloomberg)

U.S. consumer spending fell for a second straight month in January, by 0.2%, as lower gasoline prices continued to weigh on receipts at service stations. Personal income rose 0.3% percent in the month, a strong number. (Reuters)

U.S. consumer sentiment fell from an 11-year high in February, weighed down by an unusually severe winter.  (Reuters)

Left for dead?  Not so quick. BlackBerry will release four new phones this year, including a touchscreen model called the Leap, a keyboard handset, and a curved-screen device with a slide-out keyboard. The 5-inch Leap will cost $275. (Re/code)

Dick's Sporting Goods netted a fourth-quarter profit of $155.5 million on sales of $2.16 billion. Dick's shares have increased 12% since the beginning of the year and risen slightly more than 3% in the last 12 months. (AP)
 

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