AllMarket Update
logoArgusApril 26, 2021

Market Update: NEE, HON, KMB, LUV, STX, TOL, KMI

Utilities, Energy, Technology, Industrials, Consumer Defensive, Consumer Cyclical

Stocks rose modestly on Monday morning at the start of a busy week for 1Q earnings reports, which have thus far been strong. According to FactSet, 84% of S&P 500 companies that have reported 1Q results have topped consensus expectations. On the economic front, the Commerce Department said that core capital goods orders excluding aircraft rose 0.9% in March, up from a 0.8% decline in February but below the Reuters consensus forecast of 1.5% growth. The Dow rose 0.1%, the S&P 0.2%, and the Nasdaq 0.6%. Crude oil traded near $62 per barrel, while gold rose slightly to $1778 per ounce.

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