In the tug-of-war between earnings and Europe, the globetrotters won out today. Investors interpreted European Central Bank chief Mario Draghi's comments as bullish for the market, which had lost a lot of ground earlier in the week on concerns about Italy and Spain. Despite data from Reuters showing that earnings of S&P 500 stocks in the third quarter are expected to drop by 0.1% from year-ago levels, the markets chose to focus on the positives, and the Dow Jones Industrials
Only one Dow stock fell: Cisco Systems
Meanwhile, United Technologies
Finally, Pfizer
Melting up
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