S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies

The S&P 500 and Nasdaq Composite rallied on Tuesday to notch record closing highs as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.

Tuesday's move toward an all-time closing high comes less than six months after a sharp decline in late December, which led the S&P 500 to its worst annual performance since 2008. But stocks quickly turned around as the Federal Reserve reversed course on monetary policy while the tone around U.S.-China trade talks improved."These market levels are justified," said Kevin Barry, chief investment officer at Captrust Advisors.

Twitter shares jumped 15.6% on its stronger-than-expected results. The social media company said its monthly active users totaled 330 million, more than a FactSet estimate of 318 million. So far, the results have largely topped expectations. More than 78% of the S&P 500 companies that have reported have surpassed analyst expectations, according to FactSet data.

Outlook bad, stocks still rising? Obviously entering the hyperinflation zone.. Soon we will join Venezuela. Maybe, just maybe then we will realize that the political system is less important than the money system.

Powell almost wrecked the bull with his projections of 4 rate hikes in 2019. Totally unwarranted by the Fed and imagine the Fed had done 25 bps hike in March, we would have been staring at 2000 on the S&P 500. Thanks to POTUS and jimcramer for calling out Powell's blunder.

BrettArends

SaraEisen can you say triple top and false breakout.

EamonJavers I'll bet anyone a steak dinner that this isn't covered by any of the 'major' Networks tonight.

😇🧚‍♂️

Thank you president realDonaldTrump

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 and Nasdaq break above closing records for first time in months as stock market climbsThe S&P 500 index and the Nasdaq Composite on Tuesday hit record territory, last hit in in the fall and late summer, as a rebound in the health-care and...
Source: MarketWatch - 🏆 3. / 97 Read more »

‘I did not expect us to be at all-time highs by April’, says Morgan Stanley’s Wilson as stock market popsStocks in 2019 have thus far befuddled Michael Wilson, with the S&P 500 and Nasdaq Composite breaking out above their closing records in Tuesday trade. No one did expect maybe Tom Lee
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500 flirts with record high on upbeat earningsThe S&P 500 was within striking distance of its all-time high on Tuesday as bett... And bitcoin is dead again
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500 rallies toward record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies. PRINT M1 DOLLARS ThanksObama where is Obama ? watch him take credit!!!
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 heads for new record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies. Manipulated stock market.rigged! god i hate all this good news coming from the Trump tax cuts!!!! when is Obama gonna pipe up and take credit? he tried to destroy our economy and did a dam fine job of it!!!
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 slips as health-care losses overshadow strong earnings and China growthPositive momentum early Wednesday faded throughout the day, with the Dow closing flat and the S&P 500 closing down 0.23%. Health care was the worst-performing sector.
Source: CNBC - 🏆 12. / 72 Read more »