Reuters Insider - Wall St. shy of record high

Asia Capital

20/04/2016 22:33

Click the following link to watch video:                              
 https://insider.thomsonreuters.com/link.html?cn=share&cid=1598742&shareToken=Mzo1YTljODk0My0wMDJhLTQxZDMtYWM2MS1kNWYyNGRjMzYzODg%3D&playerName=ReutersNews 
                                                                       
 Source:             Thomson Reuters                                   
                                                                       
 Description:        A rebound in oil prices added to optimism sparked 
                     by earnings reports that beat low expectations,   
                     lifting stocks just a couple percentage points    
                     away from record highs. Bobbi Rebell reports.     
 
 
(To access all exclusive Reuters Insider programming visit: http://insider.thomsonreuters.com) 
 
 Short Link:  http://reut.rs/20YnHa0  
 
 
Transcript (May be auto-generated)

                 A winning day on Wall Street - stocks got a lift thanks to better than expected 
earnings and a rebound in oil prices; the major indexes continue to march 
towards record high levels. Ross Gerber, CEO of Gerber Kawasaki: And if the S&P 
continues to stay above $2,100, the computer buying is going to come in because 
that's just basically the trends are shifting from bearish to bullish, so then 
the computer shift, and that should push the market up to new highs. Where we go
from there is going to a lot be determined by, of course, earnings in the 
overall economy. After the closing bell, American Express reporting earnings 
above forecasts and confirming their outlook for the year. Coca-Cola shares down
after sales drop for the fourth straight quarter. 

Lexmark jumping after it agreed to be taken private for $3.6 billion by a group 
of investors led by China-based Apex Tech and PAG Asia Capital. Microsoft will 
stop production of its popular but older generation Xbox 360 video game console.
Customer support will continue and the company will sell out existing inventory 
of the consoles. US home resales rose more than expected in March, pointing to a
continued recovery in the housing market despite signs of sluggish first quarter
economic growth. Volkswagen will pay each affected US customer $5,000 as part of
a deal with US authorities to settle the case over its cheating diesel emissions
test - that according to a German newspaper. European stocks also got a lift 
from that rally in oil prices, along with gains in banking stocks