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Reuters: Stocks rise on oil's retreat, GDP revision

Started by chris, May 29, 2008, 11:41:13 PM

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chris

Stocks rise on oil's retreat, GDP revision
      


NEW YORK (Reuters) - Wall Street stocks rose on Thursday as a swift drop in oil soothed inflation fears, while an upward revision in a broad measure of U.S. economic growth suggested a recession may be avoided.
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