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Stocks post mild gains following economic data

Aug. 30, 2013 @ 12:00 AM

NEW YORK -- Stocks edged higher for a second day on Thursday, as some positive news for the U.S. economy outweighed worries about Syria.

The Dow Jones industrial average added 16.44 points, or 0.1 percent, to 14,840.95, while the Standard & Poor's 500 index rose 3.2 points, or 0.2 percent, to 1,638.17. The Nasdaq composite posted a bigger gain, rising 27 points, or 0.8 percent, to 3,620.30.

After being higher for most of the day, stocks fell in the last hour of trading. The Dow has gained 64 points over the past two days, not nearly enough to make up for its 170-point loss Tuesday. The Dow is still down 1.1 percent this week.

Verizon Communications was the biggest gainer among the blue chips after Britain's Vodafone confirmed it was in talks with Verizon to sell its 45 percent stake their joint venture, Verizon Wireless.

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