SPX 4-Year Closing High, Plus, Look At These Earnings After The Close
Stocks were higher on Wednesday, with the SPX making
a 4-year closing high after a late-day rally.
New home sales for June rose 4% to 1.347 million units.
Durable goods orders in June rose +1.4%; ex trans, +2.6%.
The EIA said crude inventories fell by 2.3 million
barrels; gasoline inventories fell by 2.1 million barrels; distillates rose 3.1
million barrels.
After the close, Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating) reported earnings
that beat by a penny. MTS Systems
(
MTSC |
Quote |
Chart |
News |
PowerRating) beat by 0.12 and guided
higher. Express Scripts
(
ESRX |
Quote |
Chart |
News |
PowerRating) beat by 0.03. Computer Associates’
(
CA |
Quote |
Chart |
News |
PowerRating) profit more than doubled; the company also announced cut jobs. ESS
Tech
(
ESST |
Quote |
Chart |
News |
PowerRating) beat by 0.13, beat on revenues but issued downside
guidance. Skechers
(
SKX |
Quote |
Chart |
News |
PowerRating) beat by 0.13.
Amazon (AMZN)
reported 0.12, beating by 0.02. Revenues rose 26% to $1.75 billion.Â
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) beat estimates but profit fell from a year ago.
Strong sectors were:Â Â Â Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating)
+2.68%Â Â Â Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) +1.66%Â Â Â
Pharmaceuticals
(
$IDRG.X |
Quote |
Chart |
News |
PowerRating) +1.36%
Â
Weak sectors were: Â Â Â Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -1.19% Â Â Â Â Disk Drives
(
$DDX.X |
Quote |
Chart |
News |
PowerRating) -1.27%Â Â Â Â Healthcare
(
$HMO.X |
Quote |
Chart |
News |
PowerRating) -1.24% Â Â Â
| Dow | +58.35 | 10,638.12 |
| Nasdaq | +10.23 | 2186.22 |
| S&P 500 | +5.75 | 1236.91 |
The dollar was -0.24 at 89.75
Crude Oil was
+0.05 at 59.25
Gold was +2.30
at 425
1.7 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 1885 | Up Vol 1023 |
| Declining | 1341 | Down Vol 620 |
| 1.40 | 1.65 | |
| Nasdaq |
||
| Advancing | 1536 | Up Vol 951 |
| Declining | 1495 | Down Vol 611 |
| 1.02 | 1.55 |
Stocks in the News
Corning
(
GLW |
Quote |
Chart |
News |
PowerRating) beat and boosted guidance.
Colgate
(
CL |
Quote |
Chart |
News |
PowerRating) was in-line.
Wellpoint
(
WLP |
Quote |
Chart |
News |
PowerRating) beat by 0.03 but sales were slightly lower.
Centex
(
CTX |
Quote |
Chart |
News |
PowerRating) beat and boosted expectations
Biogen-Idec (BIIB)
beat by 0.07 Â
Electronic Arts
(ERTS)
beat by 0.06 and beat on revenues. Â
Sun Micro (SUNW)
beat by 0.05; revenues were in-line.
RF Micro Devices
(RFMD)
beat by 0.03.
Chubb (CB)
beat by 0.26.
Kellogg
(
K |
Quote |
Chart |
News |
PowerRating) was in-line, sales were above estimates.
Norfolk Southern
(
NSC |
Quote |
Chart |
News |
PowerRating) beat by 0.10.
Hilton
(
HLT |
Quote |
Chart |
News |
PowerRating) beat by 0.03.
Brice Wightman