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Stock Market Live: Stocks Hold Gains Amid Solid GDP, Jobless Data

U.S. equity futures edged higher Thursday, while the dollar held near an eight month low against its global peers, as investors headed into another busy session for corporate earnings and digested the first estimate of economic growth for the fourth quarter.

The Commerce Department said the U.S. economy grew at a 2.9% pace over the final three months of last year, a marked slowdown from the 3.9% pace recorded over the third quarter but nudging ahead of the Street consensus forecast of 2.6%. 

Jobless claims, meanwhile, unexpectedly fell again last week, further data indicated Thursday, with around 186,000 people filing for new unemployment benefits, down from 192,000 over the prior period and inside the Street’s 205,000 estimate. 

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