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Earnings beats mean a lot more when it happens to stocks the market gave up on.
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A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
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A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019.
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