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Earnings Extend Market’s Longest Rally of 2014

Earnings Extend Market’s Longest Rally of 2014 (Bloomberg)

The S&P 500′s winning streak now stands at six straight sessions, thanks in part to forecast-beating earnings reports from companies like Netflix and Harley-Davidson. “Sentiment had gotten too negative, and some decent earnings reports have started helping the market,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said. “That, combined with the positive deal talk and chatter in health care, gives a better tone to the market overall and certainly some support.”

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