Skip to main content

Bull Market Still Dragging Stocks Higher

The bull market in stocks may be getting long in the tooth, but it's still intact. That was evidenced by strong earnings and rising valuations last week. Stocks finished an uplifting week on Wall Street on Thursday by gapping higher after earnings reports from industrial heavyweights as diverse as Apple Inc.(Nasdaq: AAPL ) and Honeywell(HON) showed that companies have used the slowdown in the economy to become more efficient -- earning incrementally more income on incrementally less revenue. For the week, the Dow Jones Industrial Average rose 1.8%, the Standard & Poor's 500 Index rose 1.7%, the Nasdaq Composite Index rose 2.2%, overseas developed-market large caps rose 1.9%, emerging market large caps rose 2.2% and U.S. small-caps rose 2.2%. Our favorite slice of the capitalization/style pie, mid-cap stocks, as measured by the iShares S&P MidCap 400 Growth ETF (NYSE: IJK ) , fared best with a 2.6% gain. Overseas standouts included the Market Vectors Indonesia Index (NYSE: IDX ) , up 4.1% for the week; the Global X InterBolsa FTSE Colombia20(NYSE: GXG ) , up 3%; the iShares MSCI South Korea Index Fund(NYSE: EWY ) , up 4%; and the iShares MSCI All Peru Capped Index Fund(NYSE: EPU ) , up 3%. Breadth favored advancers, 2-1, and the number of new highs rose to 630, vs. 65 new lows. Some of the stand-outs among the S&P 100 hitting new highs were Autozone Inc.(NYSE: AZO ) , AT&T Inc.(NYSE: T ) , Baxter International Inc.(NYSE: BAX ) , The Boeing Co.(NYSE: BA ) , Cigna Corp.(NYSE: CI ) , The Dow ChemicalCo.(NYSE: DOW ) and EMC Corp.(NYSE: EMC ) . To find out more about the stock market's best performers, please read on...
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.