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American Express lost 4 percent, the largest drop in the Dow, after its earnings missed Wall Street's expectations. Slower growth in Europe weighed on the credit-card company's results as international revenue fell 4 percent. Amex lost $2.06 to $56.23. Morgan Stanley fell 74 cents to $13.25, a drop of 6 percent. The investment bank's income and revenue fell far short of what analysts expected, dragged down by dismal results from trading stocks and bonds. The Dow is now up 1.3 percent for the week, and the S&P 500 index 1.5 percent. Among other stocks making big moves: Walgreen Co. soared 12 percent, the largest gain in the S&P 500. The Walgreen pharmacy chain and Express Scripts reached an agreement in which Walgreen will once again fill prescriptions from people in the Express Scripts network. That ended a dispute between the two companies. Walgreen gained $3.65 to $34.62. Textron jumped 12 percent. The maker of Cessna planes reported that its quarterly earnings nearly doubled. The results trounced Wall Street analysts' estimates, thanks to rising demand for its Citation line of business jets and Bell helicopters. Textron gained $2.74 to $26.50. Johnson Controls sank 8 percent. Earnings for the maker of auto parts and building equipment fell far short of expectations, partially a result of a weaker euro and sluggish demand from Europe. The company said it expects Europe to remain a problem. Johnson Controls' stock lost $2.25 to $26.07.
[Associated
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