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via finance.yahoo.comMarkets

Procter & Gamble posts best day since pandemic crash as broader market slides

FROM THE WIRE · FINANCE.YAHOO.COM

Investors are paying tech-stock prices for detergent and diapers. Procter & Gamble (PG), the maker of Tide, Pampers, and Charmin, had its best day since March 2020 on Thursday, adding more than $20 billion in market value. It closed at its highest level since February, just shy…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe sharp rise of a defensive mega-cap signals investors seeking safety.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01P&G rose about 5.6% in the October 22 session.
  2. 02Sales in the fiscal first quarter rose 4%.
  3. 03The company reaffirmed its full-year outlook.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
The Procter & Gamble CompanyPGStock165.59 USDMarket closedtoday +5.58%Positive S&P 500INDEX:SP500Index7,663.43Market closedtoday -1.21%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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