Tech earnings and Greek resolution lift markets…

Although the Dow was off slightly today, the four major indices had a very solid week of gains. For the week, the Dow (chart) closed up 1.61%, the Nasdaq (chart) up 2.47%, the S&P 500 (chart) up 2.19% and the Russell 2000 (chart) finished the week up 1.57%. For the most part, tech earnings have exceeded expectations powering the Nasdaq higher by almost 10% just in the last month or so. Also yesterday, the markets got a boost from the E.U. which reached a deal to resolve the Greek debt crisis. All in all a very positive week for equites.

A look ahead to next week and there is certainly no shortage of economic news and corporate earnings reports from the likes of Texas Instruments (NYSE: TXN), Netflix (NasdaqGS: NFLX), Ford (NYSE: F) and United Parcel Service (NYSE: UPS) just to name a few. As always proceed with caution during earnings reporting season for there is usually an increase in volatility and earnings surprises that co-exist during this period.

Have a great weekend 🙂