The markets are set to end the week on a high note, as the Dow Jones Industrial Average hit another fresh high today.
Investors are also encouraged by better-than-expected economic reports with consumer sentiment rising in May to its highest level since July 2007. According to the Thomson Reuters/University of Michigan index, consumer sentiment rose to 83.7, while economists were expecting a reading of 78.
On the earnings front, Dell (NASDAQ:DELL) missed profit expectations, as anticipated, but the company posted revenue which were higher than anticipated. Hard times continue for JC Penney (NYSE:JCP) as the struggling retailer posted weak quarterly results and a 16 percent drop in sales.
On Monday, we'll take a look at earnings from Campbell Soup (CPB) and Urban Outfitters (URBN).
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