The Dow Jones industrial average and S&P 500 touched fresh highs Thursday but the Nasdaq lagged, weighed down by weak earnings from Intel (INTC) and eBay (EBAY).
The Dow and S&P 500 led the way, rising 0.6% each. The Dow was helped by strong performances from UnitedHealth Group (UNH), Boeing (BA) and Bank of America (BAC). The Nasdaq inched up 0.1%. Preliminary data showed NYSE tracking close to Wednesday's level. Nasdaq volume rose 13%.
In economic news, weekly jobless claims dropped unexpectedly and the latest reading from the Philadelphia Fed's manufacturing survey came in at 19.8, well above the consensus estimate of 9.
In the stock market today, IBD 50 component Nu Skin Enterprises (NUS) continued its rapid ascent, adding 9% after soaring 19% on July 10. Before the open, China gave the company permission to market its personal care products and nutritional supplements in five additional provinces and 30 districts.
Several other stocks in The IBD 50 scored nice percentage gains, including Bally Technologies (BYI), China-based YY (YY) and Grand Canyon Education (LOPE).
Elsewhere, Blackstone Group (BX) continued work on the right side of a base, rising nearly 6%. Before the open, the provider of alternative asset management and financial adviser services reported strong top-line growth with sales up 130% from a year ago to $1.44 billion.
LinkedIn (LNKD) cleared a 12-week base, rising 4%. The buy point was 203.01.
On the downside, Google (GOOG) fell fractionally ahead of its earnings report after the close. Profit is seen rising 7% from a year ago to $10.78 a share. Google recently cleared a flat-base buy point of 920.70 but hasn't made much progress.
After the close, watch for earnings from Athenahealth (ATHN), Chipotle Mexican Grill (CMG), Intuitive Surgical (ISRG) and Microsoft (MSFT).
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