The stock market moved modestly higher on Thursday, as investors took heart from generally favorable economic data. The investing community is hoping that the U.S. economy can avoid a recession, and slight upward moves for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed continuing confidence in future prospects.

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Source Fool.com