Stocks moved higher Tuesday in light trading as the Dow Jones Industrial Average moved up 60 points to finish at 12,482.07 while the S&P 500 and Nasdaq picked up 4.58 and 17.41 points, respectively.

China reported GDP growth slowed from its previous quarters, but still managed to check in above most economists’ estimates. Meanwhile, a successful auction of Spanish short-term debt helped European shares close at a five-month high.

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