The bulls are back!
After two sour weeks with poor macro news weighing on markets, the bears have been put back in hibernation (if only briefly) thanks to strong earnings reports from global bellwethers.
With that in mind, let's examine how the major indexes fared today and then take a closer look at three stocks making news.
Gain / Loss
Gain / Loss %
Dow Jones Industrial Average
Source: Yahoo! Finance.
The Dow closed above 13,000 for the first time since April 5, thanks to its nearly 200-point jump, while the Nasdaq's particularly strong 1.82% gain made up for yesterday's tumble and then some. A good Spanish bond auction and decent housing data filled the tank, but it was individual companies driving the market, so let's focus on several of the day's hot hands.
Kicking it off was Dow component Coca-Cola
Oddly enough, not all the earnings were super strong. For instance, Johnson & Johnson
Notorious investment bank Goldman Sachs
Get ready for more earnings-season surprises
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David Williamson owns shares of Johnson & Johnson and Coca-Cola, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Johnson & Johnson and Coca-Cola. Motley Fool newsletter services have recommended buying shares of Johnson & Johnson, Coca-Cola, and Goldman Sachs and creating a diagonal call position in Johnson & Johnson. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.