ETF Outlook for Thursday, July 24, 2014:
The S&P 500 was able to eke out a small gain on Wednesday, but it was enough to send the index to the best level ever.
The NASDAQ is closing in on a new decade high and the Dow lost ground as component Boeing (NYSE: BA) pulled it down. The catalyst for higher stock prices has been earnings with 78 percent of all companies that have reported beating their earnings estimates.
Revenue beats are also strong, above 65 percent.
More earnings Thursday morning and after the bell last night should help the market open in the green. Adding to the positive tone is better than expected economic numbers out of Europe.
Global X Social Media ETF (NYSE: SOCL)
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