Wall Street rallies powered by Cisco, Walmart; House tax vote supports | Reuters

Reuters| Thu Nov 16 13:00:03 EST 2017
NEW YORK (Reuters) - Wall Street’s main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle. Wal-Mart (WMT.N) surged as much as 11 percent to a record high of $99.68 after reporting its strongest U.S. revenue growth since 2009 and soaring online sales. It ended up 10.9 percent at $99.62. Cisco (CSCO.O) touched $36.67, its highest since February 2001, a day after quarterly profit beat expectations driven by gains from its newer businesses such as security, which more than offset declines in its traditional switches and routers. Its profit forecast also came in abov..

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