Stock Market Bulls Praise IBM and Google, Await Apple for All-Time Highs
The financial sector ETF (NYSEARCA:XLF) gained 0.93% on the day.
In the tech sector (NYSEARCA:XLK) winners included Apple (NASDAQ:AAPL) which gained 0.95% and International Business Machines (NYSE:IBM) which added 0.83% in the regular session. Google (NASDAQ:GOOG) and International Business Machines (NYSE:IBM) were big winners in the after hours session after reporting positive earnings, with Google (NASDAQ:GOOG) adding 4.9% and IBM climbing 4.2%.
Optimism has also been generated, at least for the short term, by the anticipated Wednesday vote in the House of Representatives to extend the debt ceiling deadline to May which doesn’t solve the problem but removes the short term pressure on the market.
Earnings and technical factors look bullish for stocks and ETFs
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