Doherty at the Close 8.14.2012

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Michael Kors (KORS) also rose 16.43% after they announced that first quarter earnings nearly tripled.

In Europe, markets were broadly higher with the Stoxx Europe 600 rose 0.7%, closing at the highest level since March, after better-than-expected growth readings from the Continent’s two largest economies. German gross domestic product increased 0.3% in the second quarter, beating expectations. In France, GDP was flat compared with the first quarter but topped forecasts for a slight contraction.