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Despite Tuesday's rally, the market will remain dangerous until traders return after the holiday.
The company meets first-quarter earnings expectations and also offers in-line guidance.
The Abbott Labs spinoff says it performed above its expectations in the third quarter.
The health care products company also guides in line for the fourth quarter.
The company's earnings report Thursday should show healthy growth in both drugs and devices.
The session was choppy, but a rumor that Microsoft will raise guidance energizes buyers in the last hour.
An early rally in the Spanish-language broadcast sector gives way to a cautious pullback.
Weak fundamentals and a lack of investor confidence make this a tough market to play.
The $3.5 billion deal sends HSP shares soaring in the premarket.
The key to figuring out whether a rally has legs is to look at the volume indicators.
Also, January revenue falls at Tribune and Gannett.
Broadcast radio and agricultural machinery stocks have been strong performers lately.
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