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Solid earnings send stock indexes higher on Wall Street

February 12, 2020

Via: ABC News

NEW YORK — Stocks are opening broadly higher on Wall Street, following gains overseas, as investors welcome more solid earnings reports from U.S. companies. Molson Coors and Akamai Technologies both rose sharply early Wednesday after reporting results that easily beat analysts’ estimates. Lyft fell after reporting that its annual loss more than doubled last year. The S&P 500 index rose 19 points, or 0.6%, to 3,377. The Dow Jones Industrial Average climbed 227 points, or 0.8%, to 29,510. The Nasdaq composite rose 66 points, or 0.7%, to 9,706. Bond prices fell. The yield on the 10-year Treasury note rose to 1.63%.

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