The tickerspy.com Wrap: Arch Earnings Send Coal Stocks Soaring (Indie Research)

Friday July 25, 5:04 pm ET By the tickerspy.com Staff All three major indices tacked on gains to end the trading week, as stronger-than-expected economic reports and easing oil prices overshadowed more weakness in the financial sector. The Dow closed 21 points better on the day to finish at 11,371, and the S&P edged 5 points higher to end the week at 1,258. The Nasdaq, meanwhile, was the day's big winner gaining 1.3% on the day to close at 2,311. The price of oil eased -1.8% in trading to settle at $123.26 a barrel, while gold trended higher to close at $926.80 an ounce. On the economic scene, orders for durable goods, like refrigerators and cars, increased by 0.8% in June, marking its fastest rise in four months. The increase was far better than the -0.4% slide economists were predicting. In a separate report, sales of new... [read full story]