Fourth Upbeat Week For Stocks

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A generally upbeat stream of earnings announcements led to a fourth upbeat week for stocks as markets in the United States, Europe and Asia posted gains. Monetary policy played a supporting role, thanks to dovish takeaways from Thursday’s ECB meeting, followed on Friday by interest rate cuts and lower reserve requirements from the Peoples’ Bank of China ― while investors looked ahead to next week’s FOMC meeting. The yield on the ten-year U.S. Treasury bounced from 2.02% to settle at 2.09%. Gold and oil prices fell.

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