While you were sleeping: Wall St climbs on earnings, IBM bucks trend

Wed, 18 Apr 2018

By Margreet Dietz April 19 (BusinessDesk) - Wall Street moved higher as the latest corporate earnings including from Morgan Stanley bolstered amid optimism about the outlook, even as IBM shares dropped on disappointing results. Shares of Morgan Stanley gained after the bank posted record quarterly net income and revenues that bettered analysts’ expectations. The stock traded 0.9 percent stronger at US$53.73 as of 2.42pm in New York after rising as high as U$55.00 earlier in the day. "We delivered very strong results this quarter, wit...

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