Dow, S&P, Nasdaq rally 1% as investors shake off recession confirmation U.S. stocks rallied across the board 1%+ despite confirmation the economy is in the midst of a recession after a surprise 2Q GDP contraction of 0.9%. Utilities and industrials led the S&P's gains, while communications companies lagged. In commodities, oil fell 0.8% to $96.42 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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