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Daily Market Update
with JJ Kinahan

5 min read

Resilient Run: 3-Day Win Streak Powered by Solid Earnings, As Twitter, Snap Latest to Impress

(Friday Market Open) Last Friday was when the bottom began to fall out. A week later, things feel very different as earnings continue to hold the day.

We’re on pace for the S&P 500 Index (SPX) to be up 1% for the week if things don’t head lower today, which is pretty amazing when you consider what happened Monday. It arguably indicates how much resilience remains in the market. A positive session today, if it happens, would be the fourth-straight. 

The big comeback since Monday has been powered by solid earnings across a bunch of different industries. Twitter (TWTR) and Snap (SNAP) got in on the fun, perhaps setting the table for Facebook (FB) and other Tech giants next week. Strong user growth reported by SNAP helped lift shares in pre-market trading, and TWTR shares rose after the company reported revenue that exceeded the average analyst estimate. 

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