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US stocks rose on Thursday as weaker-than-forecast economic data argued for continued bond buying by the Federal Reserve, while higher euro zone confidence aided European shares and the euro.
US GDP grew 2.4 percent in the first quarter, slightly less than first reported, a sign of pain from Washington's austerity drive. New claims for unemployment benefits rose in the latest week, the government said. Pending home sales rose 0.3 percent in April, below expectations of a 1.1 percent rise
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