US Stocks Rise On Earnings Reports
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NikolayPeev/iStock/Thinkstock(NEW YORK) — Stocks moved slightly higher on Thursday, led by gains for utilities and financial companies.
The Dow Jones Industrial Average finished the session on Thursday at 18,135.72, up 38.82 from its open.
The Nasdaq also was up by 15.67 to close at 4,982.81. The S&P 500 rose by 2.51 points to close at 2,101.04.
Pharmacyclics, which makes the cancer drug Imprivica, surged on Thursday after AbbVie said it would acquire the company for $21 billion.
The company behind the Snuggie, the Perfect Bacon Bowl and other “As Seen on TV” products has agreed to pay $8 million to settle charges that it deceived customers.
The Federal Trade Commission says Allstar Marketing promised customers buy-one-get-one-free promotions, and then charged them in the form of high shipping costs.
Allstar will pay the FTC to create a fund that will be used for customer refunds.
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