The stock market once again pushed to all-time highs for the second day in a row as the market followed up Tuesday's gains with more upside.
The Nasdaq rallied 1%, reaching a new all-time high, while the S&P 500 and Dow Jones industrial average both followed up with 0.8% gains, as the blue-chip index finally captured the 20,000 level.
The Nasdaq is up 1.8% over the last two days and is now up about 5% year-to-date.
Volume was tracking higher across both the NYSE and Nasdaq, according to preliminary figures.
Boeing (BA) shares popped 4% and led the Dow industrials higher after reporting an earnings and sales beat Wednesday before the market open.
Amazon (AMZN) and Facebook (FB) added nearly 2% each to yesterday's breakouts from cup-with-handle bases. Both are in buy range, about 1%-2% above their entries.
Trump stocks — construction and materials — were some of the prime movers in the stock market today.
After Tuesday's surge, MasTec (MTZ) tacked on an additional 1.4% as it tries to break out past a 41 entry of a short, cup-shaped base. The stock closed just beneath that buy point.
Martin Marietta Materials (MLM), a Leaderboard member, rose 3% and broke out of a flat base with a 236.51 entry as the stock's volume swelled to about 90% above average.
Freeport-McMoRan (FCX) gapped down over 3% but rallied off its lows, after a disappointing quarter in which the copper miner missed both earnings and sales estimates. The stock broke out of a cup-with-handle base on Tuesday.
IBD 50 Action: Eagle Soars, NetEase Takes A Break
Following up on Tuesday's strength, the IBD 50 gained steam throughout the trading day.
Eagle Materials (EXP) added to Tuesday's breakout, rising another 4%. The cement company surpassed earnings estimates Tuesday before the market open. The stock is now slightly extended from its buy range.
On the downside, NetEase (NTES) fell 1% in light volume as the stock builds the right side of a base.
After The Close
AT&T (T), eBay (EBAY), Qualcomm (QCOM), F5 Networks (FFIV), Las Vegas Sands (LVS), are among some of the stocks reporting earnings today after the market close.
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