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Positive Company Earnings Lift Stocks to Another Winning Session
By: MT Newswires
U.S. stocks closed higher today, supported by mostly improved Q3 company earnings and expectations the Federal Reserve's Federal Open Market Committee will conclude its two-day meeting tomorrow leaving its $85-billion monthly stimulus efforts in place for the foreseeable future. Nearly all industry sectors in the S&P 500 posted gains, led by shares of consumer staples and technology companies. Energy stocks also flourished despite a small drop in crude oil prices today while financial stocks lagged the broader markets, finishing with slight advances.