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Daily Wrap: August 29, 2013

Market News Video
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August 29, 2013 AT 3:26 PM
Investors sent the markets higher today following positive economic news regarding the health of the US economy. The Commerce Department reported second quarter GDP grew by 2.5%, topping previous estimates of just 1.7%, and the Labor Department reported initial jobless claims fell by 6,000 to a seasonably adjusted rate of 331,000 claims.