While you were sleeping: Stocks, oil rise

Wed, 19 Oct 2016

By Margreet Dietz Oct. 20 (BusinessDesk) - Wall Street gained with the price of oil and as US companies including Yahoo! reported better-than-expected quarterly earnings. About 80 percent of the 70 S&P 500 companies that have reported so far have exceeded earnings' estimates, according to Reuters. "We would see the third quarter as the bottoming out of the earnings recession that we have been experiencing for the last year or so," Tracy Maeter, global investment specialist, JP Morgan Private Bank in Philadelphia, told Reuters. In 2...

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