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    October 19, 2009
    Earnings Send Stock Market Higher Today
    (FILE PHOTO) The JPMorg...
    Image by Getty Images via Daylife

    Bulls are getting a boost today as earnings send the stock market higher. After dropping below 10,000 at the end of last week, the Dow is surging upward, with a gain of more than 100 points so far today. Last week, J.P. Morgan Chase posted phenomenal earnings, which were a little overshadowed by Citi, CIT and Bank of America news.

    It’s not just the financial sector that is providing good news for the stock market, though. Apple, is expected to do well, and both Hasbro and Eaton reported better than expected earnings. While overall losses are expected, there is evidence that there will still be an improvement of the third quarter over the second quarter. And, as we head into the holiday season, there are hopes that economic recovery can begin in earnest for the fourth quarter.

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