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Last updated: August 29. 2013 10:36AM - 225 Views
Associated Press



In this Friday, Aug. 16, 2013 photo, trader Michael Hagis works on the floor of the New York Stock Exchange. Stock futures rose on an improving employment landscape and new figures released Thursday, Aug. 29, 2013, that show that U.S. economic growth has been stronger than was once thought. (AP Photo/Richard Drew)
In this Friday, Aug. 16, 2013 photo, trader Michael Hagis works on the floor of the New York Stock Exchange. Stock futures rose on an improving employment landscape and new figures released Thursday, Aug. 29, 2013, that show that U.S. economic growth has been stronger than was once thought. (AP Photo/Richard Drew)
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(AP) Stocks are edging higher in early trading on Wall Street after encouraging reports on the U.S. economy.


The Dow Jones industrial average rose 19 points, or 0.1 percent, to 14,845 in the first few minutes of trading Thursday.


The Standard & Poor's 500 index rose two points, or 0.2 percent, to 1,637. The Nasdaq composite rose 16 points, or 0.5 percent, to 3,609.


The government raised its estimate for U.S. economic growth in the April through June quarter to 2.5 percent from its earlier estimate of 1.7 percent. The number of Americans seeking unemployment benefits also continued to decline.


Verizon rose after Vodafone confirmed it was in talks to sell Verizon its U.S. wireless phone business. Verizon gained $1.64, or 4 percent, to $48.20.


Associated Press
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