The stock market rose sharply on Thursday, driven by encouraging earnings from companies including Caterpillar and 3M. Investors were also encouraged by some positive manufacturing news out of Europe.
What a day. Stocks got a major boost Thursday from a slew of strong earnings reports from companies ranging from heavy equipment maker Caterpillar (CAT) to automaker General Motors (GM).
The automaker said it sold 2.45 million vehicles globally in the third quarter, up 2 percent from the three-month period a year ago and marking its best third-quarter sales performance since 1980.
Eurozone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster, but US manufacturing activity sputtered to its slowest since July, underscoring the uneven nature of the post-crisis global ...
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