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As Earnings Roll In Stocks Climb at Record High

The manufacturing growth in the US eases a little as the supply chain issues continue to haunt. Profits outweigh estimates and at 80% of S&P 500 companies.

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As Earnings Roll In Stocks Climb at Record High

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  1. As Earnings Roll In Stocks Climb at Record High According to Bloomberg News, the stocks traded at an all-time high as the manufacturing data, which is rather disappointing has been overshadowed by the solid corporate earnings. The treasuries dropped. The S&P 500 regained from sessions lows that are led by the retail and commodity shares. The Dow Jones Industrial Average attained the 36,000 level for the first time and a few small caps manifested a modest climb of about 2%. As per data that has been compiled by Bloomberg, approximately more than 80% of the S&P 500 companies that have reported third-quarter results have overtaken the estimates of Wall Street. This has paved way for the groundwork for as much as 6% gain ever since the beginning of the season, the best performance over seven years.

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