Stock Market Today – 1/19: Dow Futures Get Procter & Gamble Boost; Bank of America Leaps

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The Street

By Martin Baccardax Solid pre-market earnings could offset lingering inflation concerns and send stocks higher Wednesday following better-than-expected updates from Procter & Gamble, UnitedHealth and Bank of America. Updated at 7:55 am EST U.S. equity futures moved higher Wednesday, while Treasury yields extended their recent surge amid bets that the Federal Reserve will quicken the pace of near-term rate hikes as inflationary pressures continue to build in the world’s largest economy. Stocks were hit hard by the prospects of faster rate hikes yesterday, while weaker-than-expected quarterly ea…

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