Investors bid up shares in companies that turned in better earnings or outlooks than Wall Street was expecting, including
footwear company Skechers, video game publisher Activision Blizzard and real estate investment company CBRE Group.
Randy Frederick said that We had a drought for a very, very long time last year where we went almost a year
and a half without hitting a new high, which was the longest time ever,
Beyond earnings, investors are also eying Washington D. C. for signs the Trump administration will deliver on the promised business-friendly policy proposals
that helped drive a market rally last fall, including slashing government regulations and taxes.
Wall Street capped a week of milestones Friday with a rally that pushed the major stock indexes to all-time highs for the second day in a row.
About 40 percent of those turned in earnings and revenue that beat Wall Street’s forecasts, according to S&P Global Market Intelligence.
Trading got off to a good start early Friday, as investors sized up the latest batch of company earnings.
Frederick said that The market has been pretty generous ever since the election in moving in anticipation of what might come,
