U.S. Stocks Mostly Higher In Reaction To Slew Of Economic Data
From Nasdaq:
Stocks are mostly higher, reacting to data showing stronger than expected U.S. economic growth and a slowdown in the pace of consumer price growth. The Dow is up 0.2 percent, the Nasdaq up 0.5 percent and the S&P 500 up 0.4 percent. Consumer spending surged 2.8 percent in the fourth quarter. Durable goods orders came in unchanged in December. First-time claims for U.S. unemployment benefits rebounded more than expected. IBM Corp. posted a 12.8 percent gain, while Boeing plunged 6.4 percent. Tech and healthcare sectors saw notable gains and losses, respectively. In overseas trading, stock markets across the Asia-Pacific region moved mostly higher, while major European markets are little changed.
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