Strong Earnings Keep Markets Moving

By Michael Goldstein Markets FOXBusiness

Positive quarterly earnings reports continued to rally the US equity markets Friday, with results from Dow components Microsoft (MSFT) and Procter & Gamble further boosting the benchmark indexes.  New home sales data came in slightly below economist expectations, but remained at six-year highs, fueling investor optimism.

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Market Radar - % Change

After Thursday’s rebound, Nymex Crude Oil resumed its slide, falling 1.08% to settle at $81.01 per barrel, down $1.32. Gold prices got a small bump, gaining $2.7 or 0.22% to settle at $1,231.8 per ounce.

The major benchmark added to yesterday’s rally, with the Dow Jones Industrial Average (DJI) climbing 127.51 points to close at 16,805.41, up 0.76%.  The S&P 500 (GSPC) gained 0.70% to close at 1,964.57, up 13.75 points.

The NASDAQ Composite (IXIC) climbed 30.93 points or 0.69% to close at 4,483.72, while the NASDAQ 100 was up 0.74% or 29.75 points closing at 4,042.02.

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The Small cap Russell 2000 climbed 2.33 points to close at 1,118.82 up 0.61%.  The Fox 50 closed at 1,388.28 after gaining 8.43 points or 0.61%.

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