The WSJ reports, "another erratic day of trading, with the Dow up 100 points at its early morning high, and down 110 points at its low, before another late-afternoon rally pushed it up 89 points on the day. All this volatility could just be the market digesting recent gains, or it could be a pivot point. We just have to wait and see. Keeps it exciting, doesn’t it?"
"Meanwhile, earnings season is in full swing, and there were a few blue-chip names for investors to chew on, including Coke and Johnson & Johnson. Yahoo reported after the bell, and shares are up sharply in late trading after the Internet company showed tepid signs of growth, and Alibaba showed torrid signs of growth.
Intel rose in late trading, too, as earnings topped views even though profit contracted from last year, and revenue rose marginally".
