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Friday marked another winning day for the S&P 500 and Nasdaq, as both indexes posted fresh all-time intraday and closing highs.
Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.
US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM),
The good: In its first earnings report since completing its acquisition of Discover Financial Services, Capital One ( COF) reported higher interest income and fees. Really, the only drag was the higher-than-expected integration costs for the business. COF stock rose 2.7% in after-hours trading Tuesday and is 2.7% higher premarket Wednesday.
Current consensus predictions for Google's forthcoming earnings report anticipate $2.18 per share on revenues of $93.73 billion. This suggests growth in comparison to the same quarter last year, which reported earnings of $1.89 per share with revenues of $84.74 billion.
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24/7 Wall St. on MSNStock Market Live July 23: Japan Trade Deal News Drives S&P 500 (VOO) to New HighsThis article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is looking like it wants to hit a new all-time high today as shares rise 0.
Earnings Report Date: Thursday, Nov. 21, after market close Of all the earnings reports next week, fiscal Q3 results from big-data play Splunk (NASDAQ: SPLK ) might be the most important without ...
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Investor's Business Daily on MSNStock Market Today: Dow Rises After Surprise Economic Data; Intel Plunges On Earnings (Live Coverage)Futures for the Dow Jones Industrial Average and other major stock indexes traded higher Friday, as investors welcomed an upside surprise in economic data. Meanwhile, IntelINTC plunged on the stock market today after reporting second-quarter earnings.