The market was higher yet again today and the S&P 500 almost erased all the losses from last Thursdays sharp selloff. The Dow 30 was higher by 43, the S&P 500 added 4, and the Nasdaq 100 gained 5. Tomorrow there will be plenty for traders to respond to as existing home sales, crude oil inventories as well as the FOMC are all on the schedule.
AutoZone (NYSE: AZO) were sharply lower today as the company announced earnings that disappointed. The report showed a miss on both its top and bottom lines for the last quarter and the company blamed the timing of tax refunds for the miss. Investors have heard this excuse already this quarter which caused a round of selling in the stock that sent prices to new yearly lows. Shares are now lower by over 25% for the year.
Toll Brothers (NYSE: TOL) had a wild ride today as the home builder announced earnings and revenue that were better than expected. The company said it sold more homes and orders jumped 26% last quarter which sent shares higher on the open. However, shortly after the sellers took control as it was reported that the average price of homes sold decreased from a year ago. Shares are still higher by over 20% on the year despite today's wild movement.
Agilent Technologies (NYSE: A) shot up to new highs today after the company announced earnings that were better than expected. The company also raised its outlook for the year citing "strong growth across most of its businesses." Shares have gained over 25% on the year.