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Cautious Fed Policy, Earnings Reports Help Fuel Market's Rise

The major U.S. indices have soared since the February 11 low and are now trading just below all-time highs. The catalysts have been a cautious Federal Reserve and easy monetary policy, as well as companies beating estimates on low expectations. With earnings reports about halfway concluded, 76 percent of companies have beaten analyst estimates, well ahead of the historical average of 66 percent, according to S&P Global Market Intelligence. Even though the Standard & Poor's...

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