Financial Review

…Stocks rally on hope for trade agreement with EU. Facebook slammed on earnings. Tariffs hit multiple companies 2Q earnings. New home sales drop. Financial Review by Sinclair Noe for 07-25-2018 DOW + 172 = 25,414 SPX + 25 = 2864 NAS + 91 = 7932 RUT + 5 = 1685 10 Y – .01 = 2.94% OIL + .16 = 69.46 GOLD + 7.30 = 1232.40   Tech stocks lifted the S&P 500 and the Nasdaq. Microsoft rose 2.9 percent to a record and Apple up 0.4 percent, just shy of its all-time high. Alphabet moved higher again after a strong earnings report Monday afternoon. The S&P tech index was up 1 percent. Technology stocks are mostly responsible for the broader market erasing nearly all its losses from the early 2018 weakness that dragged U.S. stocks into a correction. A decline of at least 10% from a recent top is typically how market technicians define an asset’s bearish corrective phase. A climb from its closing low of at least 10% is generally viewed as an emergence from out of correction. The S&P 500 is now just a smidge above 10% higher