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Stock Market Today

Thursday, October 19 2017

Daily Updates

Stock Market Today: October 18, 2017

Harvey S. Katz, CFA, Robert Mitkowski, and Robert Harrington | 10/18/2017

Amidst mostly mixed overall market breadth, the major U.S. equities traded higher for most of the day, driven by optimism stemming from corporate earnings season and an encouraging update from the Federal Reserve. The positive sentiment was driven once more by the Dow Jones Industrial Average, which broached the 23,000 threshold at the open and added to its daily gains as the session wore on. While recent strength would suggest some possible vulnerability down the road, the prospect of tax reform could well spur the blue chip index toward 24,000 by the end of the year. By the closing bell, however, both the S&P 500 and NASDAQ had fallen back toward their breakeven lines.

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Stocks Highlights

Dow 30 Earnings: Verizon Communications Third Quarter 2017

Kenneth A. Nugent | 10/19/2017

Shares of Verizon are trading modestly higher on news of the telecommunications giant’s decent third-quarter results.

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Stocks Highlights

Dow 30 Earnings: Travelers Cos. Third Quarter 2017

Alan G. House | 10/19/2017

Property/Casualty insurer Travelers (TRV) reported decent results for the September quarter, given the challenges currently facing the P/C insurance market. This year has been one of the most severe hurricane seasons (June 1st through November 30th) on the domestic front in quite some time.

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