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U.S. Stocks Fluctuate But Maintain Positive Bias

(RTTNews) - After showing an early move to the upside, stocks have fluctuated over the course of the trading session on Friday. The major averages briefly pulled back into negative territory but have climbed back above the unchanged line since then.

Currently, the major averages are clinging to modest gains. The Dow is up 32.00 points or 0.1 percent at 29,329.64, the Nasdaq is up 4.80 points or 0.1 percent at 9,361.93 and the S&P 500 is up 7.01 points or 0.2 percent at 3,323.82.

The early strength on Wall Street was widely attributed to Chinese GDP data even though the latest report showed China's economy grew at the slowest pace since 1990.

The report from China's National Bureau of Statistics said Chinese GDP grew by 6.1 percent in 2019 compared to the 6.6 percent growth seen in 2018.

However, the GDP growth matched economist estimates, which seems to have allowed global traders to breathe a sigh of relief that the impact of the U.S.-China trade war was not worse than feared.
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