While you were sleeping: Wal-Mart, Cisco rallies boosts mood

Thu, 16 Nov 2017

By Margreet Dietz Nov. 17 (BusinessDesk) - Wall Street gained as shares of Wal-Mart and those of Cisco rallied after posting earnings that beat expectations. Also adding to sentiment was renewed optimism that the Trump administration is making progress on its tax reform including corporate tax reductions. In 12.51pm trading in New York, the Dow Jones Industrial Average climbed 0.8 percent, while the Nasdaq Composite Index rallied 1.4 percent. In 12.36pm trading, the Standard & Poor’s 500 Index advanced 0.9 percent. “The bull marke...

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