Exuberant Earnings, Stock Break Out, Housing Positive
Waves of positive earning reports swept stocks higher breaking above classic technical resistance levels. The DJIA surged above the 9000 level for the first time since early January. Surprisingly strong housing figures combined with the upbeat earnings pushed shares solidly positive on the day. Exuberance over word that Warren Buffett earned billions on his long Goldman Sachs play further powered stocks higher. The DJIA soared +188.03 to 9069.29, the Nasdaq advanced +47.22 to 1973.60 and the S&P 500 climbed +22.22 to 976.29.
3M Co
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PowerRating) – Beat analysts estimates by 28% sending shares higher by 7.19% or $4.65 to $69.32.
eBay
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Mc Donald’s
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TrueBlue
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Oil added $1.76 to $66.72, Gold fell $1.50 to $954.80 and the fear index VIX fell 0.17% to 23.43.
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