[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% …
Markets Close The Week On Top As Positive Corporate Earnings Continue
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stock markets will be closed tomorrow in observance of Good Friday, so today was the last day of trading for the week. The direction continued upwards with 2 out of the 3 major indexes ending on the plus side with small gains. General Electric (GE), Morgan Stanley (MS) and PepsiCo (PEP) all …
Stocks Slip Back In The Red
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The markets here in the U.S. slipped back into the red zone across the board. The S&P 500 index fell half a point, the Dow Jones industrial average fell 0.2% and the Nasdaq composite rose 0.2%. Makers of consumer staples (XLP), a category that includes everyday products like soap, diapers and cigarettes, …