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The major market index composites in the U.S. finished in the green as of yesterday’s 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 Department’s 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. McDonald’s, 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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