Stocks are up this morning thanks to a better than expected home sales report and a few positive earnings reports. New home sales jumped 5.7% in September to a seasonally adjusted rate of 389,000. Economists were expecting a rate of 385,000 units.
Boeing shares are up today after posting earnings that beat expectations and revenue that met expectations. Boeing also announced an upbeat forecast for the full year. Facebook is one of the biggest gainers on the market today with shares up more than 20% after the company reported revenue jumped 32% thanks to gains it has made in the mobile arena.
In late morning trading, the Dow is up 47 points, the Nasdaq is up 6 points and the S&P 500 is up 3 points. [Read more...]