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E-Mini S&P 500: The stirrings on the earnings foster the surge up!
The E-Mini S&P 500 is in the whirlwind of earnings reports coming in to inspire and elate traders! The Dow Jones Transportation Average was up 1.2 percent to 5,510.06 which is made up of airlines, shippers, railroads and truckers. This particular area is of concern with the rising oil costs and a positive report is very appealing in this inflationary environment. PepsiCo Inc. and Coca Cola reflected earnings above the forecasts. Other companies such as Procter & Gamble lowered their profit forecast due to the higher cost of doing business. We are encountering an array of mixed economic reports and earnings report. It is important to keep up with market sentiment, but not to over analyze the fundamentals as the market may act independently of these reports. Insurance companies are reporting stronger earnings beyond analyst expectations.
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