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Fresh Quarterly Earnings Helped Push Some Indexes to Record Highs
But plans to break up one of America’s last remaining industrial conglomerates drove down the Dow. Plus: Strong consumer confidence led some companies to record highs. And shares in Fannie Mae and Freddie Mac rose after the incoming head of the Department of Housing and Urban Development told the Journal he plans to privatize the mortgage-finance firms. Danny Lewis reports.
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By The Wall Street Journal
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But plans to break up one of America’s last remaining industrial conglomerates drove down the Dow. Plus: Strong consumer confidence led some companies to record highs. And shares in Fannie Mae and Freddie Mac rose after the incoming head of the Department of Housing and Urban Development told the Journal he plans to privatize the mortgage-finance firms. Danny Lewis reports.
Sign up for the WSJ's free What's News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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