Business

Strong profits, not Europe’s debt, carry the day

Strong profits at numerous corporations, signs that low loan rates are steadying the real estate market, and a rally in Europe a day after the big slump lifted stocks. Apple fell 2%, dragging down the Nasdaq, but recouped the loss several times over in after-hours trading as it posted record profit. Analysts cautioned that Europe’s woes are apt to hurt US stocks again.

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