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Barchart
Barchart
Rich Asplund

Stocks Edge Higher as Megacap Tech and Software Stocks Climb

The S&P 500 Index ($SPX) (SPY) today is up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.83%.  March E-mini S&P futures (ESH25) are up by +0.56, and March E-mini Nasdaq futures (NQH25) are up by +0.85%. 

Stock indexes today are moving higher, with the Dow Jones Industrials posting a 7-week high.  Today’s strength in megacap technology stocks and software companies supports gains in the broader market as they stabilize after Monday’s sharp selloff.  Also, some positive earnings results are lifting stocks, with Royal Caribbean Cruises Ltd up more than +11% after forecasting full-year adjusted EPS above consensus.  Also, Invesco Ltd is up more than +9% after reporting better-than-expected Q4 operating revenue.

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