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Barchart
Rich Asplund

Stocks Close Higher on Strong Earnings and Economic Optimism

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.45%.  March E-mini S&P futures (ESH25) are up by +0.49%, and March E-mini Nasdaq futures (NQH25) are up by +0.50%. 

Stock indexes settled higher Thursday, with the Dow Jones Industrials climbing to an 8-week high.   Solid corporate earnings reports lifted stocks Thursday, as International Business Machines closed up more than +12% after forecasting full-year free cash flow above consensus.  Also, Lam Research closed up more than +7% after reporting stronger-than-expected Q2 revenue and forecasting Q3 revenue above consensus.  In addition, Thermo Fisher Scientific rose more than +6% after reporting Q4 revenue above consensus. 

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