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US stocks surge on earnings; Nasdaq +1.6%

2014-10-24 02:51:52| Agriculture - Topix.net

Industrial heavyweight Caterpillar jumped 5.0 per cent after third-quarter net income rose eight percent to US$1.02 billion as company cost-cutting measures and restructuring offset sluggish economic conditions. NEW YORK: US stocks bolted higher on Thursday following a series of mostly strong earnings reports from Dow members Caterpillar, 3M and others.

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