Good economic reports provided us a relief and I expect stocks will rebound from yesterday's losses.
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.
It's good that they moved quickly to close the deal ... The market is closely watching what strategies Seven & I will come up with after making the U.S. unit wholly owned.
Stocks with solid fundamentals are now in focus. Companies with good earnings are buying targets across all sectors.
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.