July 27, 2012 / 11:20 AM / in 5 years

Wall Street opens higher after GDP data

NEW YORK (Reuters) - Stocks rose at the open on Friday after data showed economic growth was in line with forecasts, slowing as expected in the second quarter and defying fears of a more pronounced slowdown.

Traders work on the floor of the New York Stock Exchange, July 26, 2012. REUTERS/Brendan McDermid

The Dow Jones industrial average .DJI gained 25.99 points, or 0.20 percent, to 12,913.92. The Standard & Poor’s 500 Index .SPX rose 5.14 points, or 0.38 percent, to 1,365.16. The Nasdaq Composite Index .IXIC added 14.30 points, or 0.49 percent, to 2,907.55.

Reporting by Chuck Mikolajczak, editing by Dave Zimmerman

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