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Amazon jumped $12.41, or 4.8 percent, to $272.76 after the world's biggest online retailer showed improving profit margins when it posted fourth-quarter earnings late Tuesday. Boeing, currently scrambling to fix battery problems that have grounded its 787 Dreamliner planes, gained 94 cents, or 1.3 percent, to $74.59 after it reported earnings that beat analysts' expectations. Rising profits from commercial jets offset a smaller profit from defense work. A private survey showed Wednesday that U.S. businesses increased hiring in January compared with a revised December reading. Payroll processor ADP said that employers added 192,000 jobs in January. Traders and investors will now turn their focus back on to company earnings and Friday's nonfarm employment report. The yield on the 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 1.99 percent. Among other stocks making big moves Wednesday: Chesapeake Energy rose $1.14, or 6 percent, to $20.11 after the company said late Tuesday that its embattled CEO Aubrey McClendon will leave the company this spring. Avery Dennison, a packing materials company, rose $2.30, or 6.4 percent, to $38.44 after it posted fourth-quarter earnings that beat analysts' expectations and said it was selling two of its business units to CCL industries for $500 million. The company will use the proceeds of the sale to buy back stock and make additional pension contributions. Copano Energy, a natural energy company, rose $4.90, or 14.8 percent, to $38.03 after the company said that it had agreed to be acquired by Kinder Morgan Energy Partners for about $3.2 billion in stock. MeadWestvaco, a packaging company, fell $1.30, or 3.9 percent, to $31.63 after the company reported earnings that fell short of analysts' expectations.
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