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1) The beige book report from the Federal Reserve was released this morning and it gave the markets a big boost after showing signs that the economy is growing at a steady pace. The Dow Jones Industrial Average gained 322.79 points, the S&P 500 added 26.14 points while the Nasdaq 100 closed higher by 74.59 points and the Russell 2000 finished higher by 12.56 points.
2) Earnings season is in full gear and so far so good. We have seen most companies report better-than-expected numbers and we wouldn't be surprised to see this trend continue. Tomorrow, we will get reports from several financials including MS, MTB and BK to name a few.
3) AAPL was in the news today for several reasons, all of which should make shareholders very happy. Not only do they plan to repatriate billions but they also plan to spend $10 billion on new data centers in the United States. AAPL shares closed higher by 1.65% today.
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