Market Surge On Favorable Earnings Reports
(Image credit: Getty Images via @daylife)Stocks never saw saw selling after the markets jumped at the opening. Dow finished up 194, advancers over decliners a more mild less than 4-1 & NAZ gained 54 (helped by Apple snapping back 29 following its recent sell-off). The MLP index recovered 3+ to 389 & the REIT index rose 2+ to 254 (within spitting distance of its yearly highs). Junk bond funds continued higher & Treasuries slipped back. Oil climbed to a 2-week high as Spain raised more than its maximum target at a debt auction & the IMF bolstered its global growth forecast. Oil has been drifting sideways for a few days (shown in the graph below)... Continue to read.
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