Bulls on Parade, Strong Earnings, Upbeat Data
Wall Street bulls led the stock parade sharply higher on the session. A falling U.S. dollar and strong earnings from the energy and finance sector fueled the sharp climb. Upbeat data from the manufacturing front added to the bullish fever engulfing the market. The DJIA soared +169.67 to 10268.81, the Nasdaq marched higher by +30.66 to 2214.19 and the S&P 500 advanced +19.36 to 1094.87.
^BAC^: Climbed 4.91% or 71 cents to $15.16/share upon announcing a decline in late credit card payments.
^CVX^: Advanced 2.79% or $1.98 to $72.99/share after being upgraded to “outperform” at Sanford C Bernstein & Co.
^KFT^: Declined 0.41% or 12 cents to $28.07/share after missing some analysts projections of organic sales.
^WLP^: Fell 1.47% or 87 cents to $58.46/share due to investors’ fears triggered by the cancellation of a February 23rd meeting.
Oil added $3.09 to $77.22, gold climbed $29.80 to $1119.80 and the VIX fear index declined 2.11% to 22.25.
| Market Snapshot | |||||||||||||||
|
| Economic News |
|||
|