Stocks rise after GDP data

 @ibtimes
on January 29 2010 9:48 AM

U.S. stocks rose at the open on Friday after data showed the U.S. economy grew at a 5.7 percent pace in the fourth quarter, much higher than expected.

The Dow Jones industrial average <.DJI> gained 47.99 points, or 0.47 percent, to 10,168.45. The Standard & Poor's 500 Index <.SPX> gained 5.49 points, or 0.51 percent, to 1,090.02. The Nasdaq Composite Index <.IXIC> gained 19.28 points, or 0.88 percent, to 2,198.28.

(Reporting by Edward Krudy; Editing by Padraic Cassidy)

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