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Barchart
Barchart
Rich Asplund

Stocks Climb on Strong Earnings and Crude Oil Weakness

The S&P 500 Index ($SPX) (SPY) today is up +0.62%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%.  June E-mini S&P futures (ESM26) are up +0.43%, and June E-mini Nasdaq futures (NQM26) are up +0.71%.

Stock indexes are rising today, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrials posting a 2.5-month high. The broader market is finding support today from Apple, which is up more than +4% after forecasting stronger-than-expected revenue for Q2.  Also, Atlassian is up more than +20% to lead software stocks higher after reporting stronger-than-expected Q3 revenue.  Stocks added to their gains today after crude oil prices plunged, temporarily easing inflation concerns. 

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