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Nasdaq, S&P 500 hit record highs as earnings optimism outweighs mixed economic data

Nasdaq, S&P 500 hit record highs as earnings optimism outweighs mixed economic data


Spencer Platt/Getty Images




The S&P 500 and Nasdaq notched new record highs on Thursday.




GDP expanded by 2% in the third quarter, down from 6.7% growth in the second quarter and below forecasts for 2.7%.




Apple and Amazon will report third quarter earnings after the closing bell.




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US stocks rose on Thursday with the tech-heavy Nasdaq and the S&P 500 notching record highs as earnings optimism outweighed mixed economic data.Gains from retail favorite Ford, one of the most widely held stocks among Robinhood's 22 million users, soared to a seven-year high, and Tesla lifted the benchmark S&P 500. The Dow Jones Industrial Average also closed higher, retracing losses from the previous session. Apple will look to keep the streak of strong earnings going when it reports Thursday after the close. The iPhone maker is neck and neck with Microsoft as the most valuable company in the world. Online shopping giant Amazon will report late Thursday as well.Here's where US indexes stood shortly after the 4:00 p.m. ET close on Thursday:
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