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Actionable news in AKS: AK STEEL HOLDING Corp,

Today's Research Reports on Trending Tickers: Freeport-McMoRan Inc. and AK Steel Holding Corp.

NEW YORK, NY / ACCESSWIRE / July 26, 2017 / U.S. markets rose Tuesday, with the S&P 500 Index and Nasdaq closing at new records, on the strength of better-than-expected earnings from major companies. The Dow Jones Industrial Average gained 0.47 percent to close at 21,613.43, while the S&P 500 Index increased 0.29 percent to close at a record high of 2,477.13. The Nasdaq inched higher with a gain of 0.02 percent to close at a record 6,412.17. Earnings from S&P 500 companies are now expected to increase by 9.1 percent in the second quarter, up from estimates of an 8 percent increase at the beginning of July, according to Thomson Reuters I/B/E/S.

"By most measures, this is a season where companies are surprising to the upside, and that's a key driver for equity prices," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "We know valuations are full, but we're cautiously optimistic because earnings are increasing and the Federal Reserve remains accommodative. That's a favorable backdrop for equities."

RDI Initiates Coverage on:

Freeport-McMoRan Inc.'s stock jumped 14.74% Tuesday, to close the day at $14.87. The stock recorded a trading volume of 74,121,803...


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