A sense of calm over Europe helped tech stocks power the broader market to a massive rally. The Dow logged its best day in a month with IBM pushing higher ahead of earnings – the stock is dropping in after-hours as its earnings released.
Earnings season is in full swing with Yahoo shares jumping in after-hours after the company swung to a 1st quarter profit.
Gold prices also ended the day higher, breaking a two session losing streak. The metal is matching the moves of the broader market, but in a more muted fashion. It seems gold lacks direction as it weighs news out of Europe but realizes that the concern over their debt situation is far from resolved. [Read more...]