Off the Charts

The S&P broke out to new all-time highs today after four days of rest. The S&P and Dow both finished the day up 0.50% while the Nasdaq finished the day around the flatline, up 0.04%.  

The financials led the charge today after positive earnings from Morgan Stanley (MS). Bank of America (BAC), JPMorgan Chase (JPM) and Morgan Stanley (MS) are all trading at new 52-week highs. Pretty much all of the banks reported strong earnings this quarter while tech earnings have been mixed. Both eBay (EBAY) and Intel (INTC) reported worse than expected earnings last night, slipping 6.73% and 3.75%, respectively. Tonight we are seeing potent moves lower from Google (GOOG) and Microsoft (MSFT) after each fell short of earnings estimates....488 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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