Markets Rise on Strong Earnings But Underlying Weakness Persists
Markets closed higher after strong earnings for Coca-Cola and Johnson & Johnson, though unrest continued in Ukraine and concerns are rising on the outlook for Chinese economic growth.
Markets closed higher after strong earnings for Coca-Cola and Johnson & Johnson, though military unrest continued in Ukraine. Concerns are rising on the outlook for Chinese economic growth, with first quarter GDP of 1.5% expected tomorrow. U.S. housing sentiment data today disappointed while CPI growth remains lackluster. Stocks opened higher and turned lower before rebounding in late afternoon trade while the tech selloff continues. Jane Searle speaks with Keith Bliss at the NYSE.
