Stocks shake off the day's losses and end higher

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Microsoft stock climbed and Tesla stock surged on good quarterly reports. Altria slid after posting hefty costs because of its Juul stake. UPS skidded on a disappointing profit forecast.

Major U.S. stock indexes finished higher Thursday after a late burst of buying led by technology and financial companies reversed an early slide.in China put investors in a selling mood for most of the day, overshadowing a batch of mostly solid company earnings reports.

“There is no reason for measures that unnecessarily interfere with international travel and trade,” Tedros Adhanom Ghebreyesus told reporters in Geneva after the WHO officiallyTechnology and financial companies led the market’s rebound. Companies that rely on consumer spending also notched solid gains. Healthcare and communication stocks fell the most.after the close of regular trading.

The major U.S. indexes spent much of Thursday in the red as investors assessed the latest company earnings reports and monitored developments in the coronavirus outbreak.

 

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The Stock Market behaves like a teenager on steroids. It’s a barometer, not a predictor.

oh wait for Brexit and the coronavirus numbers tomorrow TimeForProfittaking

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