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Market Update : 
Strong Earnings Boost Market
Author: Elena Todorova
123jump.com
Last Update: 10:03 AM EDT July 18 2006

Stocks showed a strong upward move at the start of trading as stronger-than-expected earnings from major companies offset worries about Mideast fighting, rising oil and growing inflation. United Technologies, industrial company, reported Q2 earnings rise to $1.1 billion or $1.09 a share, from $971 million, or 95 cents a share a year ago. The company boosted its 2006 earnings and revenue outlook.

 

 

 
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