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Earnings Report

Mortgage rates help spur Toll Brothers to profit

Toll Brothers Inc. reported higher profit and sales for the fiscal first quarter as low mortgage rates, tight housing inventory, favorable demographic trends and the pandemic helped boost home ownership demand.

Stocks battle back as Fed's Powell eases inflation, economy concerns

U.S. equity markets staged a dramatic comeback Tuesday with the Dow Jones Industrial Average ending just shy of a record high after Federal Reserve Chairman Jerome Powell reassured investors the central bank would continue to support the economy and that inflation would remain in control.

Macy's forecasts upbeat 2021 sales

The upbeat outlook from the U.S. retailer follows better-than-expected sales in the holiday quarter as stimulus checks and strong online demand eased the blow from the health crisis.