While you were sleeping: 3M, Caterpillar lift mood

Thu, 23 Oct 2014

By Margreet Dietz Oct. 24 (BusinessDesk) - Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery. In afternoon trading in New York, the Dow Jones Industrial Average climbed 1.60 percent, the Standard & Poor’s 500 Index added 1.51 percent, while the Nasdaq Composite Index gained 1.80 percent. Rallies in shares of 3M and those of Caterpillar, up 5.3 percent and 5 percent respectively, propelled the advance in the Dow. "We’ve co...

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