The Dow Jones Industrial Average lost 24.75 points Thursday to close at 12,602.26 while the Nasdaq and S&P 500 trimmed 25.83 points and 2.81 points, respectively.

In economic news, the Commerce Department reported that GDP improved at a 1.9% annual rate – flat from May. Weekly unemployment claims declined 6,000 to a seasonally adjust 386,000 claims.

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