Nestle said the 16.1% increase in earnings were driven by the higher turnover, favourable commodity prices as well as efficiency increases in the factories and in the overall supply chain.
MarketWrap: A recent slump in technology stocks worsened on Thursday, dragging on major US indexes, while investors fretted about the economy's health after the Federal Reserve lifted interest rates. The DJIA fell 14.66 points, or 0.07%, to 21,359.9, the S&P 500 lost 5.46 points, or 0.22%, to 2,432.46 and the Nasdaq dropped 29.39 points, or 0.47%, to 6,165.50. - Reuters
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