So far 257 (just over one half) of the S&P 500 companies have reported earnings.
Here's how things stand:
Companies Exceeding Estimates: 156 or 61%
Companies Matching Estimates: 34 or 13%
Companies Falling Below Estimates: 67 or 26%
Source: Thomson Financial
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The Dow is smashing records left and right, and it may still not be ready for a big correction.
Despite gold prices bouncing off their April lows, investors continue to leave gold for equities.
The Dow is up 20 percent since Nov. 15, but 12 stocks kicked out of the index are up an average of 30 percent.
The S&P 500 is up 19.3 percent since mid-November. Since the low, these five S&P sectors are already in bull market territory.
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