JPMorgan revised upward its projected annualized growth in the third quarter to 2.5% from 1.5%.
Normura Securities economist David Resler has raised his estimated GDP growth to 2.8% from 2%.
SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) is down 6.69% over the past three months and is up 3.79% year-to-date. The fund has recently moved above its 200-day exponential moving average.
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Max Chen contributed to this article.