Investors Cheer Strong Economic Data

Investors drove U.S. stocks higher on strong GDP data and falling jobless claims. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, and the number of Americans filing for first time unemployment benefits fell last week by 6,000 to a seasonally adjusted 271,000, indicating a strengthening labor market. However, FAO Economics' Robert Brusca says, headwinds remain:

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