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Stocks Edge Up as Oil Slips; Dollar Ticks Higher: Markets Wrap
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Stock Gains Fade on Mixed Earnings; Bonds Retreat: Markets Wrap
The S&P 500 failed to hold its six-month high after UnitedHealth Group Inc. erased a gain that topped 3 percent. The Nasdaq 100 briefly topped above its closing record, with Netflix Inc. adding 2.5 percent before it reports results later. JB Hunt Transport Services Inc. dragged trucking companies lower after its profit disappointed.
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Stocks Rise Amid Disparate Earnings; Bonds Retreat: Markets Wrap
The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. Apple Inc. was flat and Qualcomm Inc. surged after the two dropped litigation against each other. Netflix Inc. ended the regular session higher, but slid in late trading after a key metric missed estimates.
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Stocks Mixed on Disparate Earnings; Bonds Retreat: Markets Wrap
The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. The S&P 500 erased gains to trade at session lows, while technology shares pared an advance that had the Nasdaq 100 on track for a record after news that Apple Inc. and Qualcomm Inc. dropped litigation. Financial firms paced gains after BlackRock Inc.’s results offset weakness at Bank of America Corp. UnitedHealth Group Inc. tumbled on renewed concern that future health-care policy will harm its business, while Johnson & Johnson advanced after strong earnings.
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Stocks Pare Gains on Mixed Earnings; Bonds Slump: Markets Wrap
UnitedHealth Group Inc. erased a gain that topped 3 percent as its executives spoke on an earnings call. JB Hunt Transport Services Inc. dragged trucking companies lower after its profit disappointed. In Asia, shares in China and Hong Kong outperformed markets in Japan and South Korea.
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Stocks Mixed as Earnings Diverge; Treasuries Slump: Markets Wrap
The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. Financial firms paced gains after BlackRock Inc.’s results offset weakness at Bank of America Corp. UnitedHealth Group Inc. tumbled on renewed concern that future health-care policy will harm its business, while Johnson & Johnson advanced after strong earnings. In Asia, shares in China and Hong Kong outperformed markets in Japan and South Korea.
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Stocks Climb as Earnings Boost Outlook; Bonds Slip: Markets Wrap
Stocks advanced globally on Tuesday as investors showed confidence the equity rally will find fresh support from the deluge of corporate earnings due this week. The euro pared a decline after Bloomberg reported that European Central Bank officials are said to lack enthusiasm for any revamp of their negative-interest rate tool. Investors are spending the holiday-shortened week assessing the chances that stocks will sustain their rally even as similar gains in global investment-grade bonds have ebbed since late March.
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Stocks Gain as Earnings Lift Outlook; Bonds Steady: Markets Wrap
Stocks advanced globally on Tuesday as investors showed confidence the equity rally will find fresh support from the deluge of corporate earnings due this week. S&P 500 and Nasdaq futures pointed to a positive open in the U.S. as the reporting season kicks into high gear, as BlackRock Inc. and Bank of America Corp. beat analyst earnings estimates on Friday. The euro pared a decline after Bloomberg reported that European Central Bank officials are said to lack enthusiasm for any revamp of their negative-interest rate tool.
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Stocks Edge Up as Oil Slips; Dollar Ticks Higher: Markets Wrap
Global stocks traded modestly higher Tuesday as investors digested corporate results rolling in for clues on the economic outlook. The Stoxx Europe 600 Index climbed, led by retail and chemical shares. In Asia, shares in China and Hong Kong outperformed markets in Japan and South Korea.
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