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S&P 500, Nasdaq hit new records on strong earnings and progress on budget deal, despite disappointing economic growth

·5 min read
S&P 500, Nasdaq hit new records on strong earnings and progress on budget deal, despite disappointing economic growth

U.S. stock indexes closed higher Thursday after good third quarter earnings reports and signs Democrats in Congress may be close to a budget deal provided support to investors who looked past a disappointing reading on the health of the overall economy in the third quarter.