Top Stories
Top Stories
Market Insider

Stocks look technically sound amid earnings barrage

Traders on the New York Stock Exchange
Getty Images

Earnings reports from Boeing, Caterpillar and dozens of other major companies could set the course for stocks Wednesday, as the reaches for new highs.

The S&P 500, Russell 2000, S&P mid-cap and Dow Transports all set new records Tuesday, as traders bet the Federal Reserve would keep its easing program intact for months to come after a disappointing September jobs report showed the economy added 148,000 jobs in September, below expectations of 180,000. The Nasdaq is approaching the 4000 level, hitting a 13-year high of 3929 on Tuesday.

The, held back by IBM's earnings decline, is still about two percent away from the record high of 15,676 it hit Sept. 18. The Dow ended up 75 points Tuesday at 15,467.