Stocks surge, recovering some recent losses; Dow climbs 547
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October 17, 2018
NEW YORK (AP) — U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as encouraging reports on the economy. The Dow Jones Industrial Average jumped 547 points.
Morgan Stanley, Goldman Sachs and UnitedHealth led a parade of companies that reported profits for the third quarter that surpassed analysts' expectations. Technology companies also jumped after taking steep losses during the market's rout last week.
The S&P 500 index jumped 59.13 points, or 2.1 percent, its largest gain since March 26, and fini...
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