Can STLD Keep Up Its Bull Run?

The Dow is up more than 200 points midday

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Schaeffer's Midday Market Check
4/14/2021
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Dow, SPX Log Record Highs on Initial Batch of Corporate Earnings


By: Jake Scott

Stocks are mostly higher this afternoon, hitting record levels as investors cheered on a strong initial batch of corporate earnings. At last check, the Dow Jones Industrial Average (DJI) is up over 200 points, earlier hitting an all-time high as banks stocks jumped on strong earnings, including a blowout first quarter from blue-chip member Goldman Sachs (GS). The S&P 500 Index (SPX) also hit a new record high, while the Nasdaq Composite (IXIC) is trading modestly lower. Looking ahead, Federal Reserve Chair Jerome Powell is set to discuss economic recovery at the Economic Club of Washington at noon today.

Continue reading for more on today's market, including:

  • A bull note from MKM Partners is helping OXY rebound.
  • Does this steel stock have what it takes to keep up its bull run?
  • Plus, Disney calls pop on new dress code initiative; DISCB soars while other classes suffer; and one retailer suffers following mixed Q4.
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