Written by Gary
Closing Market Commentary For 04-29-2014
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Wall Street notched a seventh consecutive positive Tuesday as investors cheered upbeat earnings and gobbled up shares of beaten-down Internet stocks.
The U.S. stock market closed higher on Tuesday amid better-than-expected earnings results from companies such as Sprint Corp. S -0.36% and Merck & Co., Inc MRK -0.64% . Financials and technology sector stocks led the gains on the S&P 500, while utilities and consumer staples closed lower, suggesting higher risk appetite among investors. Investors shrugged off mildly disappointing housing and consumer confidence reports, while focusing on the Federal Open Market Committee meeting,
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Written by Gary
