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TJX stock jumps on news of 16% increase in sales

Sales at TJX rose by 16 percent in the fourth quarter, the MetroWest retailer reported on Wednesday, sending the company's stock rising on the news.
Fourth-quarter sales hit $11 billion, while full-year sales rose by 8 percent to $35.9 billion.
TJX shares climbed from a close of $77.32 on Tuesday to $83.85 early Wednesday. Shares closed at $82.68, just nine cents shy of an all-time high for the company.

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