After a six-session rally, stocks fell today on disappointing earnings from AT&T and Amgen, along with a surprise drop in home sales.
The S&P 500’s winning streak now stands at six straight sessions, thanks in part to forecast-beating earnings reports from companies like Netflix and Harley-Davidson.
The S&P 500 rose for a fifth consecutive session, marking the market’s best winning streak since October.
Positive earnings outweighed concerns over continuing tensions in Ukraine in the minds of investors, who sent the S&P 500 up to end the week, the market’s best since July.
The S&P 500 continued its rise today, marking its best three-session jump since February, due in part to forecast-beating industrial production.
Stocks continued to recover from last week’s losses, today aided by a resurgence in volatile tech stocks.