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 (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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