NY shares advance after Bernanke Speech:
The bag was lost points by midmorning after Intel Corp. said that lower income was calculated. Intel shares closed higher after resumption of the meeting because their revised figures were better than analysts. On the economic front, the Commerce Department announced that gross domestic product United States grew 1.6% in april-June quarter, well below its previous estimate of 2.4%, but above 1.4 % forecast by experts. "These are terrible figures," said Kim Caughey, securities research analyst with the firm Fort Pitt Capital Group in Pittsburgh. "However, they were not so terribly horrible."
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