Top 3 Reasons Today’s Markets Were Up
Markets closed up on Wall Street: DJI +0.21% SP500 –0.03% Nasdaq +0.08% Gold +0.63%
The markets were up because:
- Initial Jobless Claims continued to improve. Rolling claims dropped 13,000 to 465,000 week-over-week. Here’s Your Ultimate Cheat Sheet to Unemployment Numbers >
- Tech shares found some love ahead of earnings from Oracle (ORCL) and Research in Motion (RIMM). After hours, Oracle beat by $0.05 with revenues rising 49%, and RIMM beat by $0.11 with revenues up 31%. Check out pro trader Elliot Turner’s breakdown of Research in Motions earnings release >
- Investors are as bullish as they’ve been in two years. Just a few weeks ago, bears achieved the same stat. Looks like our Mixed Bag theme was right on the money >
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