112 Albany Street, Cazenovia, NY 13035
(315) 655-2964 Toll Free: 1-800-659-8044



112 Albany Street, Cazenovia, NY 13035



(315) 655-2964 Toll Free: 1-800-659-8044
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The major averages are higher today following earnings from a number of blue chip stocks and positive news from Dow component, Apple looking to invest more money in the US. The Dow Jones Industrial Average rose 81 points, or 0.18%. The S&P 500 rose 45 points or 0.73% while the Nasdaq was up 252 points or 1.21%.

Apple is leading the Dow higher up 5% after a White House official confirmed to CNBC that the iPhone maker is going to boost its investment in domestic US manufacturing by $100 billion. That brings its total U.S. investment to $600 billion over the next four years.

The rest of the big cap techs looks good as well while chip and chip equipment makers, AMD and Super Micro are lower by 6% and 19% respectively, following earnings.

Other companies reporting earnings include Amgen, Cirrus Logic, McDonalds, Shopify, Uber and Disney. McDonalds is up 3% while Shopify is up over 20%.

Earnings season continues with companies reporting strong results, with 81% of S&P 500 companies that have reported to date trouncing expectations, according to FactSet.

A weak 10 year Treasury auction pushed interest rates higher today. The benchmark 10-year note yield rose 4 basis points to 4.23%, while the 30-year Treasury bond yield

 climbed 6 basis points to 4.82%.

The price of oil is down a percent, gold is unchanged while bitcoin is rebounding 1.5%.

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage.