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The Dow Jones Industrial Average (
DJIA) pared nearly all its early morning losses to finish down 1 point at 10,466.
The Dow was down triple digits in early trading after a weak GDP reading made investors question the economic recovery. However, stronger than expected readings on consumer sentiment and manufacturing induced buyers back into the market.
Home Depot
HD and Alcoa
AA led the Dow by gaining 1.6% and 1.4%, respectively. Aluminum names were particularly strong after the metal gained over 3% on the trading day. Century Aluminum
CENX surged by over 6%.
For the month of July the Dow gained more than 7%, its best gain since July of last year.
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Posted In: Intraday UpdateMoversAluminumConsumer DiscretionaryDow Jones Industrial AverageHome Improvement RetailMaterials
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