Tuesday, 21 November, 2017

Stocks Shrug Off Bank Earnings, Shoot To New Highs

Corporate Earnings Chart July 14 Data courtesy of Trade-Alert
Heather Davidson | 15 July, 2017, 00:53

Earnings per share were 1.82 dollars, or 1.71 dollars excluding a gain from a legal settlement, far higher than market estimates.

The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

The tech sector (+0.3%) cruised to its fifth straight advance, as Apple shrugged off yesterday's underperformance to gain 1.4%. The S&P 500 rose 11.44 points, or 0.47%, to 2459.27.

The Nasdaq composite rose 3 points, or 0.1 percent, to 6,266. Among early movers, Target Corp. jumped after raising sales and profit outlooks for the second quarter.

Delta Air Lines fell 1.8 percent after reporting a smaller profit than analysts expected.

The Nasdaq is up 159.39 points, or 2.6 percent.

The Nasdaq and S&P 500 dropped hard just after 10 a.m. ET, during the first half hour of the Fed chair's Senate testimony Thursday.

Trader Peter Tuchman wears a "Dow 21,000" hat as he works on the floor of the New York Stock Exchange, Wednesday, March 1, 2017.

The Russell 2000 is up 12.98 points, or 0.9 percent.

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