18 Jul 2013
Wall Street performed historic day on Bernanke and earnings
FXstreet.com (San Francisco) - The US stocks market traded higher on Thursday as investors were confidence on ongoing QE and upbeat earnings releases. The Dow Jones reached a milestone on the day as the DJIA breaks above the 15,500 level for first time in history.
The S&P 500 has been trading higher in 10 of the last 11 sessions to close at record high. The Nasdaq Composite reached highest levels since 2000. However, tomorrow could be a very different day as two technologic giants Google and Microsoft have missed earnings and revenues estimates according to after closing release.
As Deutsche Bank’s analyst comments in a recent report, whilst BofA extended the recent trend of solid US bank results, we are starting to witness some general softness in top-line numbers – not the first time this has happened in recent quarters, notes Macro Strategy Analysts J. Reid and C. Tan.
The Dow Jones advanced 78.02 points or 0.50% to break above the 15,500 level and close the day at 15,548.54. The S&P 500 rose 8.46 pts or 0.50% to finish the session at 1,689.37. And the Nasdaq Composite added 1.28 points or 0.04% to its index to end the day at 3,611.28.
The S&P 500 has been trading higher in 10 of the last 11 sessions to close at record high. The Nasdaq Composite reached highest levels since 2000. However, tomorrow could be a very different day as two technologic giants Google and Microsoft have missed earnings and revenues estimates according to after closing release.
As Deutsche Bank’s analyst comments in a recent report, whilst BofA extended the recent trend of solid US bank results, we are starting to witness some general softness in top-line numbers – not the first time this has happened in recent quarters, notes Macro Strategy Analysts J. Reid and C. Tan.
The Dow Jones advanced 78.02 points or 0.50% to break above the 15,500 level and close the day at 15,548.54. The S&P 500 rose 8.46 pts or 0.50% to finish the session at 1,689.37. And the Nasdaq Composite added 1.28 points or 0.04% to its index to end the day at 3,611.28.