The Closing Look

Stocks were very quiet on Tuesday as investors digested the latest round of economic and earnings data. Economic data was relatively light, U.S. housing starts rose by 1.19 million units versus expectations of a 1.17 million. Earnings data was mixed, shares of Netflix (NFLX) and Goldman Sachs (GS) fell after reporting earnings while shares of Johnson and Johnson (JNJ) rallied after reporting earnings.

Gary’s Thoughts: Quiet but still no pulling in of major indices. Earnings still stink…but better than the lowered guidance. What else is new?