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Post by bot on Aug 29, 2013 20:56:18 GMT -5
U.S. stocks rise with economic growth NEW YORK (MarketWatch) -- U.S. stocks on Thursday climbed for a second day, denting weekly losses, after the government reported gross domestic product rose 2.5% on an annualized basis in the second quarter. The better-than-expected report mostly trumped the belief that the data increase odds that the Federal Reserve will scale back bond purchases next month. "The stock people are torn between two things. The GDP going up would normally push stocks higher, but this is the last GDP report that prints before the Fed meets again," said Chuck Butler, president, EverBank World Markets. The Dow Jones Industrial Average rose 16.44 points, or 0.1%, to 14,840.95. The S&P 500 index gained 3.21 points, or 0.2%, to 1,638.17. The Nasdaq Composite added 26.95 points, or 0.8%, to 3,620.30. daily weblog archives www.usdemocrats.com/weblogcompendium usdemocrats.proboards.comtwitter www.twitter.com/usdemocratsgeo information portal www.1t23.com
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