Stock Market Bulls Praise IBM and Google, Await Apple for All-Time Highs
U.S. stock indexes and ETFs move higher on earnings and bullish optimism
U.S. stocks and ETFs climbed again on Tuesday to start the holiday shortened week in the green.
Positive earnings, the breaching of significant technical resistance levels and growing bullish sentiment pushed major indexes higher in spite of misses in today’s economic reports.
The Chicago National Activity Index declined -0.11 for December compared to -0.13 for the previous reading while December existing home sales declined to 4.94 million, missing expectations and down from 4.99 million in the previous period.
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For the day, the Dow Jones Industrial Average (NYSEARCA:DIA) gained 0.46%, the S&P 500 (NYSEARCA:SPY) added 0.44%, the Nasdaq 100 (NYSEARCA:QQQ) climbed 0.11% and the Russell 2000 (NYSEARCA:IWM) jumped 0.72%.