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Higher interest rates boost profit growth
Jul 14 2006 3:54PM (CT)
NEW YORK (AP) - The companies in the Standard & Poor's 500 index have reported 16 straight quarters of double-digit earnings growth. If upcoming reports show that this spectacular growth continued in the second quarter, earnings per share may be pushed into double digits not because of stellar performance, but thanks to share buybacks and higher interest rates.
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History shows Fed pause won't aid stocks
Jul 14 2006 10:10AM (CT)
NEW YORK (AP) - Investors often like to dream of the perfect world, and their current vision has the Federal Reserve soon ending its two-year interest-rate tightening run and the stock market soaring afterward.
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