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Stock Market Today

Sunday, October 22 2017

Daily Updates

Stock Market Today: October 20, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 10/20/2017

After yesterday’s mixed tone to trading, the bulls stormed back on Friday. Each of the major large-cap indexes opened higher, rising to all-time high levels throughout the day. Though a generally positive trend from third-quarter earnings season has helped to prop up the averages for most of the past few weeks, today’s uptick relied heavily on the prospect of tax reform. Still, earnings-related contributions from PayPal (PYPL) and the welcome late-in-the-day rebound of General Electric (GE) shares bolstered the optimistic tilt to the week’s final session.

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Stocks Highlights

Dow 30 Earnings: General Electric Third-Quarter 2017

Erik M. Manning | 10/20/2017

General Electric, (GE) an industrial conglomerate in the process of selling off its financial unit in an effort to get back to its industrial roots, has posted third-quarter financials for 2017. The revenue figure beat both our and Wall Street's expectations, but earnings missed the mark by a wide margin, and the full-year bottom-line outlook was trimmed by a substantial amount.

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Stocks Highlights

Dow 30 Earnings: Procter and Gamble First Quarter Fiscal 2018

Orly Seidman | 10/20/2017

Investors seemed largely unimpressed with Procter & Gamble’s September-quarter financial results, as the stock price was down slightly this morning.

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