Market Recovers On Earnings

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Market Update :

Market Recovers On Earnings

Author: 123jump.com Staff
123jump.com
Last Update: 4:35 PM EST January 27 2006

More than 50% of companies, this week, reported better-than-expected earnings. Earnings related momentum and strength in new home sales took market averages near year-high. Market ignored weak GDP report and rising oil price. Gold and natural gas fell during the day. Microsoft, Catepillar, Proctor & Gamble reported strong earnings. Retail, casinos and tech stocks joined in the rally.


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