A calm day on Wall Street produced a new record for the S&P 500, as the broader market continues to churn higher ahead of next week's earnings season.
 | THU, APR 08, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 130.36 | +2.46 | +1.92% | | MSFT | 253.25 | +3.35 | +1.34% | | INTC | 67.05 | +0.80 | +1.21% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 130.36 | +2.46 | +1.92% | | VIAC | 42.29 | -1.60 | -3.65% | | GE | 13.45 | +0.06 | +0.45% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 130.36 | +2.46 | +1.92% | | AMD | 83.35 | +1.15 | +1.40% | | TSLA | 683.80 | +12.83 | +1.91% | |
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A calm day on Wall Street produced a new record for the S&P 500, as the broader market continues to churn higher ahead of next week's earnings season. The S&P 500 closed up 0.4% at 4,097. The Dow rose 57 points, or about 0.2%, while the Nasdaq Composite rose 1%.  The string of records comes as corporate America gears up for the first-quarter earnings season, which begins in earnest next week. Charles Schwab chief investment strategist Liz Ann Sonders said on "Power Lunch" that she will be watching how the market reacts to more clarity about the outlook for companies for the rest of the year and beyond. "I'm not sure we're going to see a significant surge in companies that re-up precise quarterly guidance ... but just in general the outlook for their business into the latter part of this year, and just to see what analysts' reactions are," Sonders said. The companies that make up the S&P 500 had a banner earnings season during the previous reporting period, beating analysts' expectations at a high rate. Sonders said that was due in part to analysts being cautious with projections due to a lack of formal guidance and uncertainty around the pandemic, but estimates have now been rising steadily and strong growth is projected in the first and second quarters. Major companies reporting next week include JPMorgan, Morgan Stanley, Pepsico and Delta Air Lines. |
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