Stocks End Mixed on Inflation Fears

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– National

Renewed inflation fears left stocks mixed Thursday as new data on the nation’s gross domestic product bolstered the Federal Reserve’s view that the economy remains strong.


The Dow Jones Industrial Average fell 65, or 0.6 percent, to 11,150.70. The Standard & Poor’s 500 Index fell 2.64, or 0.2 percent, to 1,300.25. The Nasdaq Composite Index climbed 3.04, or 0.1 percent, to 2,340.82, reaching its second straight five-year high.


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Read the full Associated Press story

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– Local


Local movers were led by InterGroup Corp., which gained 12.1 percent to $16.51, Wesco Financial Corp., which rose 0.4 percent to $399.06, and American Business Bank, which climbed 4 percent to $39.50. On the down side, Alexandria Real Estate Equities Inc. fell 1.1 percent to $95.25, Ryland Group Inc. lost 2.2 percent to $69.51 and Keystone Automotive Industries Inc. slipped 3.1 percent to $42.34.

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