The Market Is Going for Eight in a Row

The S&P 500 is looking to close higher for the eighth day in a row. That would be the longest winning streak in more than eight years. The index has been as high as 1,502.26. Yesterday’s intra-day high was 1,502.27.

I noticed that Microsoft ($MSFT) is having a decent morning following yesterday’s earnings report. The shares are up about 1.7%. What’s interesting is that the stock was actually down in yesterday’s after-hours market. It’s wise not to place too much faith in those prices.

I also see that JPMorgan ($JPM) got to a new 52-week high earlier today.

As far as earnings season goes, the most recent numbers show that nearly 75% of the 143 companies in the S&P 500 that have reported so far have topped expectations.

Posted by on January 25th, 2013 at 10:33 am

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