How The Major Stock Indexes Fared On Wednesday
The Associated Press
Slightly better economic growth and stronger housing sales nudged the stock market higher Wednesday. The Dow Jones industrial average managed a four-point gain.
The U.S. economy expanded at a 1.7 percent annual rate from April through June thanks to rising consumer spending and exports. That's an improvement from the initial estimate of 1.5 percent, but not enough to put a dent in the unemployment rate.
The Dow Jones industrial average added 4.49 points, or less than 0.1 percent, to close at 13,107.48.The Standard & Poor's 500 index added 1.19 points, or less than 0.1 percent, to 1,410.49 The Nasdaq composite rose 4.05 points, or 0.1 percent, to 3,081.19. For the week: The Dow is down 50.49 points, or 0.4 percent. The S&P 500 is down 0.64 point, or less than 0.1 percent. The Nasdaq is up 11.40 points, or 0.4 percent. For the year: The Dow is up 889.92 points, or 7.3 percent. The S&P 500 is up 152.89 points, or 12.2 percent. The Nasdaq is up 476.04 points, or 18.3 percent.
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