Stocks could reclaim record-high territory today
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| | 1/22/2020 | |
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Dow Futures Rise as Earnings Roll In | By Josh Selway | | U.S. stock futures are trading above fair value this morning, signaling a strong start for the Dow Jones Industrial Average (DJI). The attention on Wall Street is shifting back to earnings today after a number of big names released quarterly results, including blue chips IBM (IBM) and Johnson & Johnson (JNJ). This comes after Boeing (BA) and coronavirus headwinds held back stocks on Tuesday, though the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both look set to revisit record-high territory today. Continue reading for more on today's market, including: - Schaeffer's Senior Quantitative Analyst Rocky White examines the most bullish stock charts at the moment.
- Weeklies popped as this steel stock hit new lows.
- Plus, stock gains on coronavirus vaccine news; retailer closing more stores; and 2 hot stocks to watch.
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