Microsoft +11%

Thanks to its strong earnings report, shares of Microsoft (MSFT) are currently up 11% this morning. It’s like an old fashioned techmania as Alphabet (GOOGL) and Amazon (AMZN) are up strongly as well. The Nasdaq Composite is over 5,000.

The weak spots are CR Bard (BCR) and Stryker (SYK) which are lower despite beating earnings. BCR is off by 4.4% and SYK is down by 3.2%.

The S&P 500 has been as high as 2,077.79 this morning, and it’s taken out its 200-day moving average.

Two things to pass along. Here’s a good article on Signature Bank (SBNY). Also, here’s Jim Cramer speaking with Nick Pinchuk, the CEO of Snap-on (SNA).

Posted by on October 23rd, 2015 at 10:32 am


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