By Staff Reporters
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U.S. equities posted solid gains, adding to yesterday’s advance, amid some upbeat earnings results and economic data. Dow member Nike rallied after easily topping profit projections and raising its full-year revenue outlook, while FedEx rose after exceeding earnings estimates and announcing a larger-than-expected outlook for cost reductions.
Treasury yields were mixed, and the U.S. dollar traded to the upside, while crude oil prices were higher, and gold slipped.
In economic news, Consumer Confidence unexpectedly jumped to an eight-month high, while housing data showed existing home sales dropped more than expected, and mortgage applications rose for a second-straight week.
Asia finished mixed as the markets continued to digest yesterday’s surprising policy move from the Bank of Japan, and Europe was noticeably higher, rebounding from some recent choppiness that has come from monetary policy tightening actions on both sides of the pond.
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