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Wall St see-saws as momentum slows after 5-day rally; health stocks gain

Kraft Heinz dropped more than 5% after the company's quarterly profit and sales missed analysts' estimates

Reuters 

US stocks swung between losses and gains on Friday as lower US crude oil prices and disappointing earnings reports from Kraft Heinz and other consumer companies sapped some of the momentum built in the past five sessions. Still, even at current levels, Wall Street's three major indexes are set for a strong finish to the week, firming their pull back from last week's sell-off as investors shrug off inflation fears and focus on economic and earnings growth. Kraft Heinz dropped more than 5 percent after the company's quarterly profit and sales missed analysts' ...

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First Published: Fri, February 16 2018. 22:34 IST
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