[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 topped previous record highs today, riding the wave of positive corporate earnings reports. 68% of earnings reports have topped analyst estimates so far, and according to a Thompson Reuters report, companies are on track to grow earnings 5.4% in the second-quarter. For the day, the S&P 500 gained 0.2% …
Stocks Gain On Solid Earnings Reports And Economic Data
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks generally trended higher today, mostly driven by some positive earnings announcements and economic data that showed the U.S. economy remains on track for positive growth. Housing data showed that existing home sales hit an eight-month high in June, and the U.S. Consumer Price Index also rose in June. Chipotle (CMG) continued …
Investors Still Shaky On International Concerns; A Big Day For Chipotle
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets recovered from a steep drop early on during the trading day, but were unable to climb back up to break even by the closing bell as the chart above shows. The day’s losses were pretty broad, with nine of the 10 primary S&P 500 sector indexes ending in negative territory. The …
Dow Continues Riding High; Great Day For Media Stocks
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow kept trucking forward further into record territory for a fourth straight day, ending the day up 0.5% at a new all-time high of 17,138.20. The S&P 500 and Nasdaq also rode the momentum of the blue-chip index higher, gaining 0.44% and 0.22% each. Numerous investor eyes turned to Time Warner …
Apple Fails To Impress; S&P And Dow Continue Marching Forward
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and Dow both kept moving forward to new record highs today, while the Nasdaq limped to the finish line to close in the red. The S&P 500 realized its 15th record close of 2014, and the Dow posted its 6th record close of the year. There was a folly …
Stocks Back On Track; Is Apple Hip Enough To Sport Beats By Dre?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks were back on track today, with the S&P breaking back through record territory and the Dow approaching historical highs. The Dow is now within a scant 17 points of its all-time closing high of 16,715.44. It was all about recent economic updates we received today. The latest economic data that came …