Stocks held their gains with all the major indices in positive territory today, thanks to several encouraging earnings reports.
On the economic front, new home sales were weaker than expected in December. The Commerce Department is reporting a 7.3 percent decline in new home sales last month, to a seasonally adjusted annual rate 369,000.
Proctor and Gamble (NYSE:PG) beat earnings expectations and the company also upped it's earnings forecast, sending shares higher today.
Also reporting better than expected earnings today was Microsoft (NASDAQ:MSFT). The company beat forecasts by just a penny, but missed revenue estimates.
On Monday we'll take a look at durables goods orders as well as earnings from Caterpillar (NYSE:CAT).
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