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Stock Market Today

Monday, November 20 2017

Daily Updates

Stock Market Today: November 17, 2017

Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 11/17/2017

Though lingering concern about tax reform led to a mostly negative day for the large-cap indexes, market breadth favored the bulls on Friday. The Russell 2000 added roughly 7 points during the session, while advancing shares outnumbered declining issues by a 1.8to-1.0 margin. Strength was found mostly in the cyclical consumer goods, basic materials, and energy sectors, which helped to offset selling in the utility and noncyclical sectors.

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Stocks Highlights

Dow 30 Earnings: Wal-Mart Stores Fiscal Third Quarter 2017

Kevin Downing | 11/16/2017

Shares of Wal-Mart (WMT) gain following the release of the company’s fiscal third-quarter results and guidance.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems First Quarter Fiscal 2018

Kevin Downing | 11/16/2017

Networking equipment and software vendor Cisco Systems (CSCO) has reported in-line results for the October-quarter. Revenue of $12.1 billion fell 2% year over year, matching our estimate. Overall, product sales decreased 3%, while service revenue rose 1%. Earnings per share of $0.61 were flat compared to last year and beat our call by a penny.

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