Stocks Edge Higher as Earnings Impress, But Oil Slides on Demand Concerns
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Stocks edge higher Tuesday as investors cling to hopes of a Federal Reserve rate hike pause this year, despite some doubts creeping in.
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Oil prices sink below $80 a barrel on demand worries after weak China trade data.
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Corporate earnings continue to shine, with the S&P 500 companies beating estimates at one of the best clips in 20 years.
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Marriott CEO says the company remains committed to the Middle East market and is bullish on growth in China.
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WeWork is expected to file for bankruptcy after its value plunged from $50 billion, with shares last below $1.