Stocks advanced to another record as solid corporate earnings overshadowed disappointing manufacturing data.The S&P 500 rebounded from earlier losses, led by gains in energy and consumer-discretionary firms. The Dow Jones Industrial Average touched the 36,000 level for the first time. A gauge of small caps climbed 2.7%. A group of retail-trader favorites like GameStop Corp. and AMC Entertainment Holdings Inc. had its best day since late August.More than 80% of companies in the S&P 500 reporting third-quarter results have topped Wall Street estimates. That has laid the groundwork for a rally in stocks since the earnings season began. Meanwhile, data showed persistent supply-chain challenges weighed on manufacturers in October. Fed officials meet this week as investors fret the economy is facing the most-widespread supply crunch since the oil crisis of 1973.
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