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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.

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

    (Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)