Strong Earnings Aren't Enough in This Stock Market -- Just Look at These 2 Stocks
The stock market has moved up considerably this week, but investors were ready to coast into the weekend on Friday. Market participants have now put most of the big-picture catalysts driving markets higher behind them, and now it's up to fundamental business performance to pick up the slack. As of 11:45 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 131 points to 31,045. The S&P 500 (SNPINDEX: ^GSPC) fell 9 points to 3,844, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) eased lower by 19 points to 13,512.
Most shareholders are used to seeing their stock prices go up when a company reports earnings results that are better than expected. However, that hasn't always been the case during the current earnings season. Indeed, Intuitive Surgical (NASDAQ: ISRG) and IBM (NYSE: IBM) are both down sharply on Friday morning despite putting up numbers that seemed like they should've pleased their investors.
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Source Fool.com
