S&P Nears an All-Time High on Earnings Season Optimism

On Tuesday stocks on Wall Street neared record highs on economic hopes and a strong start to the earnings season. Results from Alcoa (AA) yesterday pushed the major indices up through Tuesday. Financial stocks such as Goldman Sachs (GS) and Bank of America (BAC) traded higher while JP Morgan (JPM) fell ahead of its planned report on Friday.
The US Labor Department reported job openings today that were little changed from one month prior. Oil futures finished the day off at a fourteen-month high and held above $103 a barrel. The International Monetary Fund reduced its forecast for this year's global economic growth.

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Published on Jul 9, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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