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October 11, 2017

Wal-Mart leads stocks higher

NEW YORK (AP) — A big jump for Wal-Mart helped the Dow Jones industrial average set a record Tuesday, while gains for other retailers and airlines sent other stock indexes higher as well.

Airlines rose following strong forecasts from American and United. Utilities and smaller companies also climbed, while banks edged higher as investors prepared for the financial sector to start reporting its third-quarter results in a few days. Wal-Mart notched its biggest gain in almost a year and a half after the company said it expects its digital sales to rise 40 percent in its next fiscal year. It also plans to buy back $20 billion in stock over two years.


 
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