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Earnings charge markets higher
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| NYSE to merge, jobless claim down and strong earnings - MAR, NOK, SPG, BAX, MCD drive the market higher, GOOG earns $1.29 vs. 24 cents 1Q a year ago |
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| Fall in unemployment numbers and strong earnings drive the markets in positive. Broad gains were reported in trasportation sector, hotels, techs, internet, and metals and mining sectors. Greenspan cautioned on the unsustainability of budget deficits and Chinese need to revalue currency peg. |
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Stocks Climb on Solid Earnings
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| Dow+1.4%, Nasdaq1.89%, UPS, Nokia, Motorola, Textron, Marriott, Baxter report strong earnings |
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| Inflation worries were relieved and stocks revived quickly Thursday as investors warmly welcomed surprisingly the sound earnings from Nokia and Motorola. This fresh awakening was also bolstered by the news that the NYSE plans to merge with electronic trader Archipelago Inc. |
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US Economic Data Weaken Stocks
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| Corporate earning on focus |
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| The dollar continued its slide on Thursday, hitting one-month lows against the euro after boosted U.S. consumer prices mixed U.S. stocks and raised the worries about the possibility of stagflation in the United States. Recent signs of slowing growth combined with the slow-moving March retail sales have fueled the pressure on the U.S. currency. |
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