The major market index composites in the U.S. finished in the green as of
yesterdays close. Strong earnings reports and positive economic data helped to
push stocks higher throughout the day. The Dow Jones Industrial Average finished
higher by over 186 points and closed the session at 12,453.54. Positive postings
stemming from the tech sector helped to promote the stock rally. Apple reported
large gains. The company made money during the second quarter and earned $6
billion. Earnings for Apple were up almost 100 percent from one year ago. These
results will help overall stock market composite trends but came after the big
gains for the day. Other positive profit reports posted earlier in the session
and these, paired with positive economic posts, helped to continue the stock
rally. Existing home sales data posted positive for March as the National
Association of Realtors reported that existing home sales rose 3.7 percent
percent to 5.1 million. This data was a plus and gave a boost to the struggling
housing sector. Today, will bring the Labor Departments report on new and
continuing jobless claims. These numbers notched higher last week and so all
eyes will be watching to see if this was just a blip or a directional trend. In
addition to this report and other economic indicators, key earning reports are
positioned to post from a handful of companies. McDonalds, DuPont, Verizon
Communication and Southwest Airlines are all in line to post earnings reports.
Friday will be relatively uneventful in the U.S. as the markets in the United
States will be closed for the day. So it is a short week but stocks are on the
rise and momentum could keep things green for the week. Last week overall was a
loss as the Dow Jones Industrial ended in the red for the week and investors
hope to bounce back this week. Money and investment action kept stocks higher
yesterday and investors hope the trends continue today. Author: Frank Matto
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