By: Benzinga
Mid-Morning Market Update: Markets Open Higher, Loews Q1 Profit Drops 34%
Following the market opening Monday, the Dow traded up 0.11 percent to 14,728.76 while the NASDAQ gained 0.51 percent to 3,295.94. The S&P also rose, surging 0.28 percent to 1,586.64. Top Headline Loews (NYSE: L ) reported a 34% drop in its first-quarter earnings. Loews' quarterly profit declined to $242 million, or
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