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Friday, July 14, 2017

S&P 500 Will Challenge the All-time High Today


One Option Trading Blog http://ift.tt/2tTgPkP Posted 9:00 AM ET - Yesterday stocks took a breather after a nice run. The S&P 500 hasn't moved much in the last two months and it is within striking distance of the all-time high. All of the action has been in tech and the QQQ has rebounded nicely. Buyers are scooping up these stocks ahead of mega-cap tech earnings in the next two weeks. JPM beat the top and bottom line estimates but the stock is down 1.5%. Wells Fargo and Citigroup were also down after posting results. Financials will be a drag on the market today and big banks …

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