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April 26, 2017

Profits push stocks higher

NEW YORK (AP) — Profits are climbing for companies, and so are their stock prices.

More big businesses joined the earnings parade Tuesday, saying their profits were even larger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald's. The encouraging reports pushed U.S. indexes to their second straight day of big gains, placing them either close to or firmly in record territory.


 
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