Strong Earnings Allay Fears Over Trade and Growth—for Now

📆 7/29/2019 8:02 AM
📰 WSJ

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“It’s a hopeful sign.” Earnings reports are surprising to the upside, helping to distract investors from anxieties about trade and growth.

Of the 221 S&P 500 companies that have reported earnings through Friday, 170 have surprised investors with better-than-expected results, according to FactSet.

Technology giants Alphabet Inc. and Twitter Inc. both topped expectations, sending shares up 9.6% and 8.9%, respectively, on Friday. Coca-Cola Co. and United Parcel Services...

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