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Barchart
Barchart
Rich Asplund

Stocks Climb on Positive Corporate News and Lower Bond Yields

The S&P 500 Index ($SPX) (SPY) today is up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.33%.

US stocks today are modestly higher, with the S&P 500 posting a 1-month high, the Dow Jones Industrials posting a 2-1/2 week high, and the Nasdaq 100 posting a 4-week high.  Positive corporate news is lifting stocks today, with Keysight Technologies up more than +12% after reporting stronger-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS above consensus.  Also, Target is up more than +11% after reporting better-than-expected Q2 adjusted EPS and boosting its full-year adjusted EPS estimate. M&A activity is also supporting stocks today after JT Group agreed to buy Vector Group for about $2.4 billion, and Consol Energy agreed to buy Arch Resources for $2.3 billion.

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