Dow Jones
The Dow Jones industrial average rose today as the market started to receive corporate earnings. Johnson and Johnson was the first major company to release its earnings. The company said that it made more than $20.7 billion, which was higher than the consensus estimates of $19.47 billion. The company made a net income of $2.30 per share and boosted its dividend from $0.95 to $1.01. However, the company slashed its outlook for the year to between $7.50 and $7.90 per share from the previous $8.95 and $9.10. This helped raise its stock by almost three per cent.
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