Wall Street Rises for FOURTH DAY!

Wall Street rises for fourth day on earnings hope

Summary:

  • Stocks rose for the fourth session in a row on Tuesday as investors bet that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the rally further. Since the bar is set so low for earnings, investors feel confident that companies will be able to pass expected earnings

 

  • Nine of the 10 S&P 500 industry sector indexes ended higher. Material and industrial shares recorded the biggest gains after Alcoa Inc (AA) affirmed its global demand forecast for aluminum products when it reported results after Monday’s closing bell.

 

  • Last month, Fed Chairman Ben Bernanke said the economy is expanding strongly enough for the central bank to start slowing the pace of its bond-buying stimulus later this year.The Fed will release the minutes from its June policy meeting on Wednesday. Investors will watch for clues into the timing of possible trimming of stimulus measures.
Advertisements


Categories: Capital Markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: