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Wall St. Rallies for Fifth Straight Session on Tech Lift

2018-02-16 1 Dailymotion

Wall St. Rallies for Fifth Straight Session on Tech Lift<br />(Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries<br />that sent the market into a sell-off at the start of the month.<br />Following many forecast increases by corporations in recent weeks, analysts on average now expect S&P 500 companies<br />to increase their earnings per share in 2018 by 18.9 percent, according to Thomson Reuters I/B/E/S.<br />Leo Grohowski said that In the midst of all the nervousness of the past two weeks, we’re winding out a really strong earnings reporting season,<br />The Dow Jones Industrial Average rose 306.88 points, or 1.23 percent, to 25,200.37, the S&P 500 gained 32.57 points, or 1.21 percent, to 2,731.2<br />and the Nasdaq Composite added 112.82 points, or 1.58 percent, to 7,256.43

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