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April 29, 2007 Sunday Rabi-us-Sani 11, 1428





US stocks higher


NEW YORK, April 28: Wall Street shook off early jitters sparked by a weak reading on US economic growth and ended mixed on Friday, with the blue-chip Dow index eking out a small gain to hit a fresh all-time high.

The benchmark Dow Jones Industrial Average edged up 15.44 points (0.12pc) to close at 13,120.94, notching a third consecutive record closing high.

The tech-heavy Nasdaq composite gained 2.75 points (0.11 per cent) to 2,557.21 while the broad-market Standard and Poor’s 500 index shed a fractional 0.18 points (0.01 per cent) to 1,494.07.

The market action came after the government reported US GDP growth cooled dramatically to a 1.3pc pace in the first quarter of 2007, highlighting concerns about a weakening US economy.






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