Better economic growth, earnings drive stocks

Posted by Shopify API on

NEW YORK • Steady growth in the U.S. economy and higher company earnings are pushing the stock market higher in early trading. The U.S. economy grew at an annual rate of 1.7 percent from April through June as businesses spent more and the federal government cut less spending, the Commerce Department said Wednesday. Economists had expected growth of 1 percent for the period, according to data provider FactSet. The Dow Jones industrial average rose 56 points, or 0.4 percent, to 15,577 after the fi...

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