Friends
There were several interesting earnings beats and raised forecasts from corporate America this morning including Coca Cola, Kimberly Clark (both staples), and Lockheed Martin. These positive results helped stocks get off to a nice start today, and as the trading session wore on more buyers appeared. Though we closed off the highs, it was a good day for the bulls.
By the close, the Dow Jones Industrial Average was up 177 points to finish the day at 27,349. The S&P 500 was up 20 points to close at 3,005. Gold was down $9 to trade at $1,417 per ounce, while oil was up $.73 to trade at $56.95 per barrel WTI.
As mentioned yesterday, this is a very busy week for corporate earnings releases, and we are just getting started. Though reactions have been mixed, results appear to be a little better than expected for many companies. Things could still be very volatile as the week unfolds. Stay tuned.
Have a nice evening everyone.
