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Barchart
Barchart
Rich Asplund

Solid US Economic News and Strong Earnings Boost Stocks

The S&P 500 Index ($SPX) (SPY) this morning is up +0.46%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%. 

US stock indexes this morning are moderately higher.  Stocks are finding support on today’s mostly better-than-expected US economic reports that showed economic strength, bolstering the prospects for a soft landing.  Also, today's better-than-expected quarterly earnings from Elevance Health and DR Horton boosted health insurance stocks and homebuilders, respectively. 

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