10 January 2013

SP 500 and NDX Futures Daily Charts - Up Day

The stock markets went out near their daily highs.

After the bell American Express reported earnings about a week ahead of schedule.

They reported 1.09 EPS vs. 1.06 as expected.

They also announced that they would be laying off about 8% of the workforce.

Obama named Jack Lew as his nominee as Treasury Secretary to replace Timmy.

Let the histrionics from Republic Senators about Lew begin.