Financial Review

…Earnings dominate trading. Amazon with a blowout. Microsoft beats. Intel wins with cloud chips. Starbucks struggles. Tariffs still a concern. Wells Fargo, again, GDP report tomorrow. AZ teachers strike. Financial Review by Sinclair Noe for 04-26-2018 DOW + 238 = 24,322 SPX + 27 = 2666 NAS + 114 = 7118 RUT + 7 = 1557 10 Y – .05 = 2.98% OIL + .02 = 68.21 GOLD – 6.30 = 1317.30   Earnings continued to dominate trading today.   Amazon made $1.6 billion in profit during the first three months of 2018, more than double the same period a year earlier. The estimate among analysts was that Amazon’s profit would shrink from the prior year. There has been a tendency for Amazon to re-invest in their own business and cutting into profit. Amazon did invest in costly fulfillment centers and original programming and they still posted blowout profits.  Amazon’s sales for the quarter hit $51 billion, up 43% year over year, fueled in part by strong growth in its cloud computing business, Amazon Web Services. The division saw sa