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S&P, Dow set for record open as focus shifts to corporate earnings


By Sruthi Shankar(Reuters) - The S&P 500 and the Dow were on track for a record open on Tuesday, keeping alive the 2018 rally powered by robust economic data and expectations of strong quarterly earnings.A handful of retailers such as Target, Kohl's Corp and Lululemon Athletica have already reported solid rise in same-store sales for the holiday period and raised their profit forecasts for the fourth quarter. U.S. stocks also found support from gains across global stock markets in the day, buoyed by upbeat industrial production data from Germany and jump in oil prices. Oil rose above $68 a ...

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First Published: Tue, January 09 2018. 19:39 IST