Updated from 7:59 a.m. EDT
The clouds have parted -- at least momentarily. Wall Street rallied on Wednesday and closed at a three-month high. And then we had some follow-through yesterday.
Stronger-than-expected quarterly results from big names such as Wells Fargo(WFC Quote) JPMorgan Chase(JPM Quote) and United Technologies(UTX Quote) offered investors some reassurance about the health of the economy. Merill Lynch(MER Quote) also rallied hard on earnings. Results on Thursday suggest that investors had arguably been overly bleak in their assessment of the economy.
Coca-Cola's(KO Quote) second-quarter profits dropped 23%; however, the company attributes this to a one-time change related to its bottler. Coca-Cola's revenue rose 17% to $9.05 billion from $7.73 billion a year earlier. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet