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Global Markets Update: U.S. Markets Climb on Strong Economic Data

Thursday, 16 Feb 2012 | 11:40 AM ET

CNBC's Mandy Drury looks at the U.S. markets, which are up on strong economic data. Moody's bank downgrade threat has a slight impact on some U.S. banks. GM earns record profit of $7.6 billion for 2011. Marriott says room rates have risen in most areas of the world. Amazon is downgraded by Morgan Stanley and is down today, as a result.