Stocks Gain as Dow Skirts Record

The blue-chip benchmark posted its all-time second-highest close. Second-quarter GDP was revised down, while weekly jobless claims declined

Stocks finished modestly higher Thursday following a downward revision to second-quarter economic growth and a drop in weekly jobless claims. The Dow Jones industrial average briefly touched above its record closing high, only to pare gains. Investors were squaring up their portfolios for the end of the third quarter, while the outlook for economic growth and inflation remains unclear, says Standard & Poor's Equity Research.

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