The Bulls are In Charge, DJIA Catching Up
$DIA,$SPY, $QQQ, $RUTX, $VXX
- Stocks Up and Treasuries Down
Investors are focused on the start of the earnings season which begins unofficially Friday
The S&P 500 Index gained for a 4th day running, the longest streak since the beginning of June on moderate volume.
PepsiCo Inc. (NYSE:PEP) jumped more than 3% after reporting better-than-forecast profit, while banks fell ahead of JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc. (NYSE:C) results Friday.
The Russell 2000 Index declined, ending a 5-day rally.
Treasury yields advanced for a 2nd session running
- 2-yr Unch at 2.57%
- 5-yr +2 bpts at 2.77%
- 10-yr +1 bpt at 2.87%
- 30-yr Unch at 2.97%
WTI Crude held at 74.12 bbl.
Again, investors’ attention is on earnings season looking for strong results the align with a recent run of positive economic data, the Bulls are in charge.
Tuesday, the major US stock market indexes came in at: DJIA +143.07 at 24919.66, NAS Comp +3.00 at 7759.22, S&P 500 +9.67 at 2793.58
Volume: Trade on the NYSE came in at 710-M/shares exchanged
- NAS Comp +12.4% YTD
- Russell 2000 +10.4% YTD
- S&P 500 +4.5% YTD
- DJIA +0.8% YTD
HeffX-LTN’s US Major Stock Market Indexes Technical Analysis