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Market News: Freeport-McMoRan, Fitbit, Signet Jewelers

The stock markets in the United States gained today driven by stronger than expected economic growth in the second quarter. The Dow Jones Industrial Average (DJIA) climbed 2.27%, the S&P gained 2.43%, NASDAQ increased 2.45%, and the Russell 2000 went up 1.45%.

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The Department of Commerce reported that the U.S. gross domestic product (GDP) expanded at a seasonally adjusted annual rate of 3.7% in the second quarter of 2015. The GDP growth rate was higher than the 2.3% initial estimate.

A separate report from the Department of Labor showed that the number of people who filed for unemployment benefits declined by 6,000 to 271,000 for the week ended August 22.

In an interview with Bloomberg, John Canally, chief economic strategist at LPL Financial commented, “We got our pullback, and now we’re going to focus on U.S. things like GDP and the Fed. When you’re in a correction, it’s not fun, but when you’re out, you can...


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