The stock market opened up slightly positive this morning, which has caused treasuries to drop a little. Markets also have their eyes set on the corporate earnings reports coming out today, with a strong focus on Morgan Stanley, Nokia, and Verizon. The key report to keep an eye on today will be the Existing Home Sales report. Economists are predicting sales of previously-owned homes rose in June, which is leading to a decreased demand in treasuries.
What’s Up on Wall Street?
It was a day of green for the stock market yesterday, as all three major indexes saw gains. The Dow Jones Industrial Average jumped 103.15 points (0.81%), and the S&P 500 climbed 9.11 points (0.67%). The biggest winner of the day was the Nasdaq Composite, which jumped 32.56 points (1.12%).