February 4, 2019

The major indices started the week in the green, rising across the board, with tech stocks leading the way ahead of Alphabet’s earnings. So far, more than 47% of SP500 companies have reported results with 68.5% topping analyst expectations. China – US trade developments still remain on the minds of investors but for now, the positive earnings releases are helping the markets move higher. Here’s a look at how we finished the day on Wall Street:

DOW +175 at25239
SP500 +18 at 2724
NASDAQ +83 at 7347

The 10 Year Treasury yield closed up 3 basis points to yield 2.72%
Oil prices closed -.48 at 54.79 a barrel
Gold prices closed -4.50 at 1317.60 an ounce

In the days’ stock news:

  • Alphabet and Gilead Sciences are scheduled to report earnings after the close.
  • Shares of Clorox rose over 5% after posting a better-than-expected profit. The company also reiterated its guidance for 2019 earnings and revenue.
  • Sysco and Alexion Pharmaceuticals also reported stronger than expected earnings.
  • Pizza chain Papa John’s struck a deal with activist hedge fund Starboard Value in what it hopes may bring an end to a rocky few months that included a public battle with the chain’s founder, John Schnatter. Papa John’s traded nearly 9% higher for the day.