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The Government Is Killing My Business

Stock Futures Climb on China Data

FOX Business: Capitalism Lives HereEncouraging data from China helped lift U.S. stock-index futures despite Bank of America taking a quarterly loss on legal expenses. Today's MarketsAs of 8:00 a.m. ET, Dow Jones Industrial Average futures climbed 64 points, or 0.39%, to 16269, S&P 500 futures advanced 8 points, or 0.43%, to 1848 and Nasdaq 100 futures rose 16.2 points, or 0.46%, to 3508.The markets have been recovering after Wall Street's worst week since 2012. The optimism extended into Wednesday on strong data from China. The world's second-biggest economy grew at an annual pace of 7.4% in the first quarter, narrowly beating estimates of 7.3%. The strong data helped alleviate concerns that China could be in for a so-called hard landing, in which growth would drastically slow down, which would hit many other economies. Still, many analysts struck a cautious tone. "We maintain our view that GDP growth is on a downtrend and we continue to expect it to slow to 7.1% in (the second quarter...

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