March 31, 2017 2:23 PM

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US STOCKS-Wall St rises, aided by US growth data; Nasdaq ends at record

US stocks climbed, yesterday, after data showed that U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending. The energy sector rose for a third straight day. So the Dow Jones Industrial Average rose 69 points, or 0.3 percent, to close at 20,728. <br/><br/>The S&P 500 gained 7 points, or 0.3 percent, to 2,368. And the Nasdaq Composite added 17 points, or 0.3 percent, to end at a fresh record high of 5,914. U.S. economic growth slowed less than previously reported in the fourth quarter, as robust consumer spending provided a boost, the Commerce Department said. GDP increased at a 2.1 percent annualized rate, instead of the previously-reported 1.9 percent pace. A separate report said jobless claims fell by 3,000 to 258,000 in the latest week, near their lowest level in decades.

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