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Daily Wrap: August 1, 2013

Market News Video
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August 01, 2013 AT 3:30 PM
The markets were all in positive territory on Thursday afternoon as another batch of positive earnings reports and favorable economic data have investors optimistic that the current rally could continue. In economic news, the Labor Department reported that initial jobless claims fell by 19,000 to a seasonally-adjusted rate of 326,000 claims.