S&P 500, Dow rise as economic growth picks up pace

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo

(Reuters) – The S&P 500 and the Dow indexes rose on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.

The Dow Jones Industrial Average rose 55.1 points, or 0.16%, at the open to 34985.99. The S&P 500 rose 2.9 points, or 0.07%, at the open to 4403.59, while the Nasdaq Composite rose 8.6 points, or 0.06%, to 14771.168 at the opening bell.

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