(as of 7:00 AM PST)
Positive earnings reports from some corporate heavyweights have the Nasdaq index on the rise and in record territory. Both Amazon and Microsoft came out with earnings reports that excited investors and are driving prices higher. Starbucks was another stellar performer and is up big. It is a rally that is pretty much confined to individual stocks however with the broader Dow and S&P indexes not participating. The Dow is down slightly while the S&P 500 Index is near flat-line. International markets are mixed with the same old stories driving action today. The dollar index is off today as well with word from China that they will allow their yuan currency to strengthen over the short term. Oil and gold are both off marginally. It is hard not to imagine markets rising with such positive earnings reports pulling markets up today.
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