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S&P 500 Rises Above 1,500 as Earnings, Jobs Offset Apple
U.S. stocks rose, briefly sending the Standard & Poor’s 500 Index above 1,500 for the first time since 2007, as an unexpected drop in jobless claims and better- than-forecast earnings offset a slump in Apple Inc. (AAPL) Netflix Inc. (NFLX) surged 38 percent as the world’s largest online-video service beat its forecast for fourth-quarter subscriber growth and posted an unexpected profit. Xerox Corp. jumped 4.4 percent after posting earnings that topped estimates. Apple, the world’s most valuable company, slid 10 percent after reporting the slowest profit growth since 2003 and weakest sales increase in 14 ... (full story)
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