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Stock Market News Update for Thursday, October 21, 2010

Extract: “Thursday saw U.S stocks close modestly higher in a day of choppy trading as encouraging corporate earnings overshadowed jitters over recent currency fluctuations.

The Dow Jones Industrial Average (DJIA) muscled its way to a triple-digit gain within the first hour of trading today, thanks to initially well-received earnings reports from McDonald's Corp. (NYSE:MCD), Travelers (NYSE:TRV) and Caterpillar Inc. (NYSE:CAT).

However, the latter company's concerns about persistently high unemployment levels eventually overshadowed its consensus-beating quarterly figures and upwardly revised guidance, sending the shares of CAT into the red by midday.”

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