The major headlines in the stock market today include: Second-quarter GDP is revised even lower, durable goods orders fall and jobless claims remain high.
Yet, stocks are up thanks to news from overseas...
Note for Investors: Economic data like this is exactly why income is key. [ppopup id="70925"]Check out these six dividend stocks to buy now[/ppopup].
In early trading stocks were slightly higher over speculation that China will bolster its stimulus efforts. This week China's central bank injected $57.9 billion into money markets, the largest weekly dose in history.
Investors are also looking for encouraging signs from Spain when its cabinet meets to approve an austerity budget for 2013.
The disappointing economic indicators might send the markets down by the end of the day but here's a huge winner today:
The Dow Jones was up 20 points, or 0.15%, and the S&P 500 was up 5.60 points, or 0.39% as of noon.
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