The second to last trading week of April, a month that has seen patches of trading volatility, was a winning one for those long equities. Over the course of the five-day stretch, the NASDAQ hit an all-time closing high; the Dow Jones Industrial Average moved higher on the strength of better-than-expected quarterly results from a number of the blue chips domiciled in the index of 30 bellwether companies; and the broader, large-cap dominated S&P 500 Index finished today at a record high.
Shares of Microsoft opened higher this morning, as the investment community seemed to be pleased with the company’s March-quarter financial results.
There have been several noteworthy developments in the energy markets. For our purposes, we will be highlighting key news items in the coal, renewable, and oil and gas sectors. Companies mentioned in this report are Halliburton, ConocoPhillips, Schlumberger, Baker Hughes, Exxon, Royal Dutch Shell, BG Group, Petrobras, BP and FirstSolar.