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Anna Hirtenstein
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Anna Hirtenstein
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@ahirtens
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Michael Wursthorn
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Michael Wursthorn
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@4BetterOrWurst
Updated July 29, 2021 4:36 pm ET
Major U.S. stock indexes rose Thursday, despite new data suggesting the economic recovery has started to slow.
The market gains followed data showing gross domestic product grew by 6.5% on an annualized basis in the second quarter, up slightly from earlier in the year. Meanwhile, jobless claims, a proxy for layoffs, came in at 400,000, resuming their downward trajectory.
Both figures missed Wall Street expectations, though investors largely shrugged off the disappointment.
Matt …
