While you were sleeping: GE cuts jobs, Lululemon rallies on outlook

Thu, 07 Dec 2017

By Margreet Dietz Dec. 8 (BusinessDesk) - Wall Street climbed as optimism about the outlook for corporate profits renewed appetite for tech stocks while shares of Lululemon rallied as it upgraded its full-year earnings outlook. The US dollar and oil prices also gained. “Looking ahead into 2018, the tailwind of global earnings growth is strong, US corporate tax rates are probably going to be lower, and investors likely will still be in the mood to take on risk,” Matthew Litfin, a portfolio manager at Columbia Threadneedle Investments, tol...

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