Tech and HealthCare EPS lead
Index & Sector performance 7/23/14 The Market: Today the stand out index was the NASDAQ (QQQ) which finished 0.64% higher with a lot of help from Apple (AAPL) which finished the day up 2.61% after reporting EPS yesterday after the close. The S&P 500 (SPY) and Russell 2000 (IWM) were relatively flat, while the Dow (DIA) was the clear laggard and the only index to finish down on the session. Weighing on the Dow was Boeing (BA) and Caterpillar (CAT) which finished down 2.34% and 1.53% respectively. In individual sectors it was HealthCare (XLV) which shined helped immensely by Intuitive…
Daily Wrap
DJIA +207.50 (+1.38%) to 15,248.12;S&P 500 +207.50 (+1.38%) to 1,643.38;NASDAQ +40.57 (+1.38%) to 2,990.87 Today the markets followed up on yesterday’s moves off the lows with a very impressive strong rally after a jobs number that many touted as “in the sweet spot”. Meaning that it was not strong enough to force the Fed to revisit their efforts but better than estimates showing an improvement in the employment picture. While the Jobs number slightly beat estimates, the Unemployment rate ticked up unexpectedly to 7.6% due to more people entering the workforce than expected. These are presumably people who were previously discouraged workers so if they feel…