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Tag Archives: standard & poor’s 500 index

Strong company earnings, oil recovery send stocks higher

FILE - In this Tuesday, Sept. 8, 2015, file photo, a Wall Street street sign is framed by a giant American flag hanging on the facade of the New York Stock Exchange. Global stock markets were having another lackluster day Wednesday, Feb. 3, 2016, amid ongoing worries over the state of the world economy, which has piled the pressure on oil prices in particular. (AP Photo/Mary Altaffer, File)

NEW YORK — Stocks are gaining ground in early trading as investors were encouraged by some strong company earnings reports and a pickup in the price of crude oil. Comcast jumped 3 percent after reporting its best year for traditional cable TV services in almost a decade. Electrical systems manufacturer Eaton Corp. surged 4 percent after reporting earnings that came ...

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US stocks open higher despite sluggish economy

FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Japan led global stock markets higher Friday, Jan. 29, 2016, after its central bank introduced a negative interest rate policy in the latest move to overcome malaise in the world's third-biggest economy. The yen dived against the dollar and the euro. (AP Photo/Mark Lennihan, File)

NEW YORK — U.S. stocks opened higher, despite signs of weak economic growth, on encouraging earnings news and higher energy prices. The government said Friday that growth in the U.S. economy slowed as consumers spent less, business didn’t invest as much, and exports fell. Microsoft rose 5 percent after it reported stronger-than-expected results. Consol Energy rose sharply along with the ...

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ConocoPhillips beats 1Q profit forecasts

HOUSTON — ConocoPhillips (COP) on Thursday reported first-quarter net income of $272 million. The Houston-based company said it had net income of 22 cents per share. Losses, adjusted for pretax gains, were 18 cents per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 19 cents ...

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Hess reports 1Q loss

NEW YORK — Hess Corp. (HES) on Wednesday reported a first-quarter loss of $389 million, after reporting a profit in the same period a year earlier. The New York-based company said it had a loss of $1.37 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 98 cents per share. The results surpassed Wall ...

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