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Fear of the unknown and a sense that there is more correction in credit markets to go is fostering wild swings in the stock market. But investors ended another session with a positive bent Wednesday.
The bullish argument that the strength of the global economy will uphold the markets took center stage following Cisco Systems'(CSCO Quote) chief executive's comments on the company's earnings conference call Tuesday night.
"In 30 years, this is the strongest global economy I have been a part of," said Chambers on the call. The company also increased its earnings guidance. Cisco gained 6.7% on the day. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,414.14 | 1,114.05 | 2,237.66 | 36.82 |
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