While you were sleeping: IBM, eBay earnings

Thu, 19 Jul 2012

By Margreet Dietz July 20 (BusinessDesk) - Better-than-expected corporate earnings helped lift equities on both sides of the Atlantic, though a slew of disappointing data on the US economy kept a lid on gains. Results from IBM and eBay exceeded expectations, bolstering Wall Street. In late afternoon trading in New York, the Dow Jones Industrial Average gained 0.19 percent, the S&P 500 rose 0.12 percent, while the Nasdaq Composite Index advanced 0.74 percent. Earnings have surpassed analyst estimates at about 70 percent of the 102 Standard &...

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