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Stock impact report

Wall St. Rallies Over 2 Percent With Earnings, Data Boost [The New York Times]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
By Reuters Oct. 16, 2018 NEW YORK — U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall Street's three major indexes tallied their biggest one-day percentage gains since March. The small-cap Russell 2000 recorded its biggest single-session gain in nearly two years. Technology, which sold off heavily in the recent pullback, led the gains as all 11 major sectors were positive. Investors are expecting another strong quarter of corporate profits, hoping the reports can calm nerves following concerns over global trade tensions and rising bond yields. Third-quarter earnings for S&P 500 companies are expected to have climbed 21.8 percent, according to I/B/E/S data from Refinitiv. “The corporate profits have certainly been the biggest prop for this market, and so a lot of weight is going to be g Show less Read more
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