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Dow rises closer to record on good start to corporate earnings season

“However, S&P 500 index company earnings are expected to fall 4.6% in the third quarter, according to FactSet” writes Deputy Markets Editor for marketwatch.com. JPM, +3.80%  rose after reporting revenue and earnings that rose more than expected on the back of its consumer banking division, while Wells Fargo & Co.This would be the first time that index company earnings have fallen for three straight quarters since the fourth of quarter of 2015 through the second quarter 2016, FactSet analyst John Butters said.Dow constituent Johnson & Johnson JNJ, +1.79% reported earnings and revenue that rose more than Wall Street estimates, while the company raised its full-year guidance.U.S. stocks rallied closer to record levels Tuesday, as investors cheered a raft of largely upbeat corporate earnings reports while mulling the implications of a partial U.S.-China trade deal announced last Friday.
 
Source: marketwatch.com



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