Nice Rally for Stocks

It’s a good day for the stock market. The Dow currently up close to 200 points. The S&P 500 is back over 925. The market is reacting favorably to Intel’s (INTC) earnings report. The shares are currently up about 7%, and this comes on top of Goldman’s (GS) blow-out earnings report the other day.

The other big news today (besides the CPI report) was the June report on industrial product. June industrial production fell 0.4% which was better than the consensus forecast of -0.6%. That’s not great news, but I’ll take it. We’re still not in a recovery but there’s more evidence that massive declines we saw after Lehman Brothers went belly up are finally over.

More Louis Navellier

Twitter

Facebook

RSS Feed

Little Book

InvestorPlace Network

InvestorPlace.com