END OF THE STREAK: A string of lackluster earnings reports from companies including Coca-Cola and Charles Schwab ended an eight-day winning streak for the Standard & Poor's 500 index. Had the index advanced Tuesday, it would have matched its longest sequence of gains since 2004. Full story
Eric Wasserstrom, SunTrust Robinson Humphrey, and Kenneth Leon, Standard & Poor's Capital IQ, have the play on the big bank's earnings as strong numbers were reported in the investment banking unit, fixed income, currency and commodities desk.
"The fundamentals of the indexes are very good," said Howard Silverblatt, Standard & Poor's analyst, discussing the Dow and S&P 500 as they hit record highs ahead of Bernanke's testimony on Capitol Hill.
A view shows the Standard & Poor's building in New York's financial district in this February 5, 2013 file photo. Standard & Poor's on June 10, 2013 revised its credit outlook on the United States government to stable from negative, citing Congress's avoidance of the year-end 2012 "fiscal cliff" and
Joydeep Mukherji, managing director of Sovereign Ratings for Standard & Poor's, gestures as he speaks at the Reuters Latin America Investment Summit in New York May 23, 2013. REUTERS/Shannon Stapleton (UNITED STATES - Tags: BUSINESS)
A view shows the Standard & Poor's building in New York's financial district February 5, 2013. REUTERS/Brendan McDermid