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10:37
08/07/18
08/07
10:37
08/07/18
10:37

Earnings lift market toward highs

Stock futures were strong throughout the early session, leading to a higher open for the broader market. Earnings continue to be good, trumping concerns regarding tariffs and trade, at least for the moment. The economic calendar was quiet, with just the JOLTS report released this morning. Oil prices have moved closer to the $70 a barrel mark after U.S. sanctions were resumed against Iran, but investors will be watching the API inventory data scheduled for release after the close today. About an hour into trading, the S&P is up 11 points, the Dow is up 166 points and the Nasdaq is up 30 points.

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