Solid Earnings Push Markets Even Higher on Wednesday (NWS, GRPN)

The US markets continued their climb on Wednesday with both the Dow and S&P hitting consecutive record closes. Strong data was released regarding Chinese trading and Germany announced an unexpected jump in industrial output, bumping up global stocks. A group of after-hours earnings results were released today, including News Corp (NWS), Groupon (GRPN) and Activision (ATVI) who all beat estimates for the quarter.
Also on Wednesday Microsoft (MSFT) announced their new chief financial officer Amy Hood and saw shares rise afterward. The dollar fell against other currencies including the euro, while gold prices continued to gain and ended at over a three-week high.

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Published on May 8, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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