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S&P 500 at five-month high, but banks weigh after results

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed.The industrial sector gained 0.6 percent, with Boeing Co , Caterpillar Inc and 3M Co all rose in the absence of any trade rhetoric overnight. Investors were optimistic ahead of what is expected to be a strong second-quarter U.S. earnings season, although reports on Friday from three of the biggest Wall ...

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First Published: Sat, July 14 2018. 02:44 IST