GREAT AGAIN: Stock Markets SMASH Record Highs After Positive Earnings Report

GREAT AGAIN: Stock Markets SMASH Record Highs After Positive Earnings Report

The S&P 500 index moved closer to its record high on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown, sparking a broad-based rally. "That's what's driving the markets", said Mr Roth citing results from United Technologies, Lockheed Martin and Coca-Cola.

The trading day painted a story of strong United States consumers, said Edward Moya, senior market analyst at Oanda.

Investors continued to wade through a steady flow of corporate earnings.

Apart from that, multiple analysts were quoted saying following Tuesday's (April 23rd) market wrap-up that the ongoing trend would likely to persist until the end of first quarterly earnings season.

Hasbro surged 14.2% after the toy company reported strong growth in its various franchises, which include Transformers toys, which benefited from the hit movie "Bumblebee" and "Magic: The Gathering Arena".

Boeing gained 0.6% after the planemaker scrapped its 2019 outlook and reported quarterly revenue below estimates due to grounding of its 737 MAX jets.

"It's giving traders confidence". However, there are still threats to the economy from worldwide trade disputes.

And the uncertainty over the costly trade dispute between the US and China has eased in recent weeks amid signs that both sides are making progress toward reaching a resolution. Others, like Caterpillar, are seeing lower revenue in Asia because of the dispute. "There are some concerns that outside the USA global growth continues to be disappointing and that's weighing on shares". Chinese officials will visit Washington for more talks starting May 8.

The S&P index recorded 46 new 52-week highs and one new low, while the Nasdaq recorded 77 new highs and 23 new lows.

American Lung Association Ranks Sacramento 5th In Most Ozone-Polluted Cities Report
They say four in 10 Americans live in counties that have air with unhealthy levels of "particle pollution" or ozone . Kern County was No. 2 for most polluted by year-round particle pollution and was the No. 3 most ozone polluted city.

Fans motivate Liverpool, not quest for 'Holy Grail', says Klopp
Klopp's men have three Premier League games remaining and meet Barcelona in the first leg of their Champions League semi-final next Wednesday.

Philippines president threatens war with Canada over garbage pileup
More than 100 of the containers were shipped to Manila by a Canadian company in and improperly labelled as plastics for recycling. That same year, Canada amended its own regulations around hazardous waste shipments to prevent such events from happening again.

The tech-heavy Nasdaq hit an all-time high of 8,139.55 earlier, helped by eBay Inc's upbeat earnings and a rally in shares of chipmakers.

Brent crude futures settled up 6 cents at $74.57 a barrel, while U.S. West Texas Intermediate crude futures fell 41 cents to settle at $65.89 a barrel.

THERE WILL BE BIDS: Occidental Petroleum started a bidding war for Anadarko Petroleum as the oil industry's largest companies try to secure their positions in the oil-rich Permian Basin. Natural gas fell 2.7% to $2.46 per 1,000 cubic feet. Australia's S&P ASX 200 gained 1% to 6,382.10. National Oilwell Varco led the way lower, shedding 4.3%. Energy was the biggest decliner with a 1.5% drop as oil prices slipped.

USA crude inventories rose 5.5 million barrels last week, the Energy Information Administration said, far more than the 1.3 million barrel increase analysts had forecast. Wall Street has been forecasting a contraction during the quarter.

The company is best-known for its robotic Roomba vacuum. Investors are more confident in the prospects for steady, if slower, growth.

USA gold futures settled 0.5 percent higher at $1,279.40 an ounce. Optimistic news from the U.S. It has been focusing more on cloud computing.

The S&P 500 index reached a new all-time high Tuesday as big US companies began turning in solid results for the first quarter, despite predictions for the worst quarter of earnings growth in years.

Twitter surged 15.6% after surprising Wall Street by adding more users than analysts had expected during the first quarter. The company has been facing increasingly tougher competition from Amazon and traditional retailers that have beefed up their online presences.

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