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SmarTrend Market Close Wrap-Up -- September 29, 2011 (DJI,INX,IXIC)

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Uploaded on Sep 29, 2011

The major U.S. equity indices closed mixed Thursday after jobless claims fell to a five-month low and after the government raised its estimate of the nation's economic growth for Q2.
The Labor Department reported that applications for jobless benefits last week fell by 37,000 to 391,000, which is the lowest level since April.
Bloomberg reported that the U.S. economy rose at a 1.3% pace in the second quarter, faster than estimated last month and assisted by exports and spending on services.
In corporate news, Advanced Micro Devices (NYSE:AMD) closed down 13.66% after the company cut its Q3 guidance and was downgraded by many analysts.
On Thursday shares of U.S. listed Chinese companies fell after top securities regulators said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges. Sohu.com Inc (NASDAQ:SOHU) dropped 4.7% to $50.62, Baidu Inc (NASDAQ:BIDU) lost 9.17% to $110.29, while Sina Corp (NASDAQ:SINA) fell 9.7% to $73.23.
The Dow Jones Industrial Average (DJI) closed 1.30% higher at 11,153.91, the S&P500 (S&P 500 INDEX,RTH) closed 0.81% higher at 1,160.39, and the Nasdaq Composite (IXIC) closed 0.43% lower at 2,480.76.

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