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October 27, 2014
Markets Emerging

Major airline stocks closed higher Friday despite New York officials confirmed the state’s first case of the Ebola virus. New York City Mayor Bill de Blasio said Dr. Craig Spencer’s diagnosis did not pose a threat to others. “What moves the market is a surprise or something that’s unexpected or unanticipated, so the fact that there’s an Ebola case is old news,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. “For it to be a real story, it has to be way more contagious than we thought.”

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