Stock Markets Are Soaring. These 2 Tech Stocks Are Leading the Charge
Many expected the stock market to tread water on Tuesday, with market participants anxiously awaiting today's Election Day results to come in. Yet markets once again defied expectations, and investors found themselves in a huge rally. There were competing explanations for the surge. What seems most likely, though, is that investors are happy that at least one source of major uncertainty will probably be behind us in the next day or two. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 637 points to 27,562. The S&P 500 (SNPINDEX: ^GSPC) gained 73 points to 3,384, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 234 points to 11,192.
When the macroeconomic and political pictures are hazy, many investors turn to earnings for guidance. The tech sector has seen some pressure lately, but two companies in the space -- Arista Networks (NYSE: ANET) and Gartner (NYSE: IT) -- provided some clarity along with positive news for their respective businesses.
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Source Fool.com
