Dow Closes Up 7, Nasdaq Up 2

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Wall Street managed a razor-thin gain Thursday as investors sifted through data that pointed to stable interest rates but that also suggested the economy has moderated more than expected, the Associated Press reoports.


The market was down for much of the day after reports of sluggish home sales and durable goods orders, but stocks then edged higher at mid-afternoon. Investors have been struggling to rebound after losses this week on concerns that the Federal Reserve’s campaign of rate hikes has hurt the economy.


According to preliminary calculations, the Dow Jones industrial average picked up 6.56, or 0.06 percent, to 11,304.46. Broader stock indicators were narrowly higher. The Standard & Poor’s 500 index added 3.07, or 0.24 percent, to 1,296.06, and the Nasdaq composite index rose 2.45, or 0.11 percent, to 2,137.11.



Read the full Associated Press story

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Today’s Winners & Losers


EMAK Worldwide finished the day up 6.4 percent and closed at $4.19 while Gill Concepts Inc. gained 5.5 percernt to close at $3.50.


On the down side were Guess? Inc., which lost 8.6 percent to close at $4.90, Enova Systems Inc., which lost 7.1 percent to close at $4.60 and Salem Communications Corp., which lost 4.2 percent to close at $9.99.

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