The markets struggled to find direction this morning in volatile trading, influenced by news of Fitch's downgrades of 18 Spanish banks. By the afternoon, all the major indices were in positive territory.
In economic news, the Labor Department is reporting a drop in import prices as food and energy costs fell 1 percent in May.
Meanwhile, export prices fell for the first time in 6 months, down 0.4 percent, which was a bigger decline than economists expected.
On the earnings front, Michael Kors (NYSE:KORS) easily beat Wall Street expectations for its fiscal fourth quarter, sending shares higher today.
The luxury apparel maker also posted a better than expected revenue forecast.
Technology stocks got a boost from Texas Instruments (NASDAQ:TXN) today, as the chipmaker narrowed its guidance for the second quarter.
Juniper Networks (NYSE:JNPR) also gained after the company announced a stock buyback of up to $1 billion.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as retail sales.
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