S&P 500 Q1 earnings estimated growth improves; stocks up for week

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NEW YORK - U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness.

Some 90% of reports from the heavily-weighted communication services are surpassing Wall Street earnings estimates and 88% of reports from the technology sector are beating.Helping to drive Friday's gains was a rally in Alphabet and Microsoft shares, a day after both companies reported stronger-than-expected results.

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