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Stock Market Today

Wednesday, October 18 2017

Daily Updates

Stock Market Today: October 18, 2017

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

Another day, another rally, it seems like. Stocks once again pushed into record-high territory on Wednesday, but the gains are now concentrated in the venerable Dow Jones Industrial Average. Right around the noon hour on the East Coast, the Dow is up a strong 140 points. Elsewhere, the S&P 500 and NASDAQ are not moving much, and market breadth is mixed, with gainers topping decliners on the NASDAQ, but vice-versa on the New York Stock Exchange.

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Stocks Highlights

Dow 30 Earnings: UnitedHealth Group Third Quarter 2017

Erik M. Manning | 10/17/2017

UnitedHealth Group, (UNH) the nation's largest healthcare insurer, reported third-quarter results that met consensus revenue targets and beat earnings expectations by a handsome margin. Too, management raised its EPS guidance for 2017 and reiterated its outlook for 2018. On the heels of these positives, UNH stock rose to a fresh 52-week high north of the $204 mark, and has since retreated to a quotation just below that level. Still, the stock is up more than 5% on the news.

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Stocks Highlights

Dow 30 Earnings: Johnson and Johnson Third Quarter 2017

James Flood | 10/17/2017

 Johnson and Johnson’s quarterly report was better-than-expected, prompting investors to purchase shares.

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