Investors think "An earnings trough is near" -->
14:00 ET Dow +116, Nasdaq +18, S&P +15.87: [BRIEFING.COM] Techs stocks led the action in the early-going, but the blue chip issues are leading now, paced by strength in the oil, retail, brokerage and homebuilding groups... However, the tech stocks haven't exactly been ignored as their participation is contributing to a 0.9% gain in the Nasdaq... Buying interest, in general, has been fairly broad-based today as traders have drawn encouragement from yesterday's rebound, dovish comments from Fed officials, and some relatively good earnings reports, highlighted by subsequent guidance that has suggested an earnings trough is near... DJTA +2.6%... DJUA +1.0%... XOI +1.1%... NYSE Adv/Dec 2031/973... Nasdaq Adv/Dec 2219/1449. |
