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MarketWatch MarketPulseJul 18, 2018
W.W. Grainger's stock rockets toward record, pacing gains among peers and the broader market
Shares of W.W. Grainger Inc. rocketed $32.28, or 10.6%, toward a record high in midday trade Wednesday, after the maintenance and repair products supplier's better-than-expected second-quarter earnings report. The stock was the biggest percentage gainer within the SPDR Industrial Select Sector ETF and within the S&P 500 , and was the biggest price gainer on the NYSE. The stock is headed for the biggest one-day price and percentage gain since it soared $42.52, or 18.5%, after reporting fourth-quarter results on Jan. 24. It has now run up 42.8% year to date, while the industrial ETF has slipped 1.4% and the S&P 500 has gained 5.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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NYTimes BusinessJul 18, 2018
Big Gains for Industrials and Banks Take US Stocks Higher
U.S. stocks are edging higher Wednesday as financial and industrial companies including railroads and airlines climb after a round of strong second-quarter reports. United Continental and Berkshire Hathaway are making their biggest gains in years. Household goods makers are returning a chunk of their recent gains and technology companies are lagging behind the rest of the market.
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