The corporate season is gaining momentum, as a dozen of companies are expected to give their earnings report for Q1 today.
Caterpillar (CAT.US) published a lot better than anticipated on Wall Street results for Q1 of the new year. The price of its stocks gained 4.76%, giving Dow a strong impulse , sending it to 20,956. Coca-cola also justified expectation, adding 0.51%, and 3M (MMM.US) edged higher with 2.39%.
Not all of Dow's components, that are due to have earnings reports today are gainers. Lockheed Martin Corp lost -3.87% and Straight Path Communications showed lower than expected data, losing -6.20%.
The sentiment on the markets is excellent, as investors are focused on the promised tax reform, which is due tomorrow. We expect a series of fiscal reports, which will give the stocks and indices a push.
Jr Trader Alexander Kumanov
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