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Q1's Earnings Proving Stronger
1With a third of S&P 500 profits in, firms are beating Wall St. estimates by an average 6.4%, twice the usual rate, said Thomson First Call. S&P 500 companies appear on track to increase profits by 10% from a year ago. But scant revenue gains are forcing firms to rely on cost-cutting, including job cuts, to hit their numbers. More on this page
Stocks Finish With Weekly Gain
2The Nasdaq leapt 2.2% Thursday on higher volume, and 4.9% for the week. The S&P 500 climbed 1.6% on lower NYSE volume, and 2.8% for the week. The Dow rose 1.1% and 1.6%. Strong earnings reports overshadowed rough unemployment news. Bargain hunters …