The Dow Is on Pace for Its Best Week Since 1932

The market’s rebound is continuing into today. This is the first rebound of note since the market started to break over a month ago. In fact, the Dow is on pace for its best week since 1932.

This morning, FactSet (FDS) reported fiscal Q2 earnings of $2.55 per share. That beat Wall Street’s forecast of $2.49 per share. The stock is up about 5% in today’s trading. FDS also reiterated its full-year guidance range of $9.85 to $10.15 per share but also said that its results may differ significantly.

This is good news but don’t think the coast is clear. The major averages are still well below their 50- and 200-DMAs. Expect to see a lot more volatility ahead.

Posted by on March 26th, 2020 at 11:30 am


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