The markets edged higher today with tech stocks leading the way as investors cheered several positive earnings reports.
The Mortgage Bankers Association is reporting a 7 percent increase in mortgage applications from a week earlier, marking the third straight week of gains.
It was another busy day on the earnings front with McDonalds (NYSE:MCD) reporting better-than-expected earnings and revenue, sending shares higher today. However, the fast food giant warned of lower sales in the first quarter.
Also among Dow components, United Technologies (NYSE:UTX) posted a decline in profit, but still managed to beat expectations.
Coach (NYSE:COH) shares were trading lower today after the company said sales in the holiday quarter were weaker than expected.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from 3M (NYSE:MMM) and Bristol-Myers (NYSE:BMY).
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