Markets moved higher on Tuesday after skirting oversold conditions on Monday.
The indexes opened green and stayed in positive territory all day. Then closed with modest gains…
- Dow Jones +0.6%
- Nasdaq +0.9%
- S&P 500 +0.7%
- Russell 2000 +0.8%
The positive close broke 4-day and 5-day losing streaks for the Dow Jones and S&P 500, respectively.
Sector Round Up
10 of the 11 sectors closed with gains.
At the top…
- Utilities (XLU) +2.6%
- Real Estate (XLRE) +1.3%
- Materials (XLB) +1.1%
- Energy (XLE) -1.4%
Earnings season is delivering a lot of winners so far.
Several household names posted solid gains after reporting earnings on Monday evening and Tuesday morning. Here are the highlights…
- Logitech (LOGI) +13%
- Verizon (VZ) +9%
- General Electric (GE) +7%
- 3M (MMM) +5%
- Coca-Cola (KO) +3%
We’re keeping close tabs on the market’s fear gauge this morning.
The VIX is hovering just below 20 after closing above the critical level two times in a row.
You can also see an ascending channel that’s formed since the Isreal-Hamas conflict began.
Your latest readout…
Earnings season continues today.
We’ll be watching how the markets digest the latest releases and changing guidance.