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Goldman Sachs also reported earnings and revenue that beat Wall Street's forecasts. The bank said it bundled more mortgages into bonds, leading to a 37 percent increase in sales from mortgage and commodity trading. Its stock gained 30 cents to $97.98. The gains were broad. All 10 industries in the S&P 500 rose, led by health care companies. The Nasdaq composite index gained 13.10 points to 2,910.04. Among other stocks making big moves: Mosaic jumped 5 percent. The fertilizer maker's net income beat Wall Street's forecasts, with the help of stronger phosphate sales and higher prices for potash. Mosaic also doubled its quarterly dividend to 25 cents per share. The stock gained $2.84 to $58.21. Reports that HSBC allowed Mexican drug cartels to launder billions through its U.S. banks helped push the bank's stock down. A Senate investigation also said some HSBC bank affiliates ignored U.S. government bans against financial transactions with Iran and other countries. HSBC fell 20 cents to $43.28. Walt Disney led the Dow, gaining $1.49, or 3.1 percent, to $49.35 after getting an upgrade by analysts at Bank of America.
[Associated
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