Large technology companies continue to attract investors as there is a good chance they will raise their earnings forecasts. It looks like the possible rate increase by the Fed in May won't be the last one, and that's weighing on stocks.
Yet, whether doing this will change investors' appetite will depend on what kind of steps will actually be taken by the group, and whether and how the earnings will be raised.
Stocks with solid fundamentals are now in focus. Companies with good earnings are buying targets across all sectors.
The market still has confidence in economic fundamentals and corporate earnings outlooks, and it isn't questioning those.
The market is filled with good leads today, including the stronger dollar and upbeat corporate earnings results, following a positive surprise last week in Sony's report.