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
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Cisco Systems. Motley Fool newsletter services have recommended buying shares of Pfizer. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.