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Barchart
Barchart
Rich Asplund

Stocks Finish Higher on Strong Corporate Earnings

Nasdaq Corporate Earnings United States ECB Kansas City Fed SP 500 Union Pacific

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.92%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.22%.  March E-mini S&P futures (ESH25) are up +0.48%, and March E-mini Nasdaq futures (NQH25) are up +0.09%. 

Stocks on Thursday mainly settled higher, with the S&P 500 posting a new all-time high and the Dow Jones Industrials posting a 6-week high.  Favorable corporate earnings results were supportive of the overall market on Thursday. General Electric closed up more than +6% after reporting better-than-expected Q4 adjusted EPS and announcing plans to buy back $7 billion of stock.  Also, Union Pacific closed up more than +5% after reporting stronger-than-expected Q4 EPS.

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