SCOREBOARD: Bears naked

Positive US earnings and European economic data buoyed markets proving the bears wrong again.

Global equities got another solid boost overnight on the back of strong US earnings reports and positive European economic data. Just another day of humiliation for pessimists. For the US, it’s looking like stocks are getting their biggest boost in about a month after Johnson and Johnson, Mattel and Goldman Sachs posted better than expected results. Indeed so far it’s not looking like the earnings season is all that bad. In any case, US stocks are up into the close with the S&P almost 1 per cent higher (1454), while the Dow has put on 103pts (to 13527), and the Nasdaq is 1.1 per cent higher (3096).

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles