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Last updated: August 29. 2013 12:37PM - 180 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 midday trading on Wall Street after encouraging reports on the U.S. economy.


The Dow Jones industrial average was up 78 points, or 0.5 percent, to 14,902 as of noon Eastern Daylight Time Thursday.


The Standard & Poor's 500 index rose 10 points, or 0.7 percent, to 1,645. The Nasdaq composite rose 41 points, or 1.2 percent, to 3,635.


The government raised its estimate for U.S. economic growth in the April-through-June quarter to 2.5 percent from 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 stake in their U.S. joint venture, Verizon Wireless. Verizon gained $1.54, or 3 percent, to $48.10.


Associated Press
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