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Markets Buoyed By Strong Earnings, Global Growth Indicators
By: MT Newswires
Stocks went back on the offensive after bullish Chinese manufacturing data coupled with mostly strong earnings and lower U.S. borrowing rates restored investor confidence in US equities. Buying drove the Dow Industrials up nearly 100 points and put the S&P and Nasdaq back in positive territory. Today's deluge of earnings included better-than-expected results from Ford ( F ), 3M ( MMM ), and Southwest Airlines ( LUV ), while multi-year highs were reached by Northrop Grumman ( NOC ) and Arctic Cat ( ACAT ).