Dow up over 400 points or +1.67% led by Walmart

Boeing and Cisco helping the Dow 30

The Dow is up over 400 points now (up 420 actually) or 1.67%. The gains are being fueled by a 10% rise in Walmart after earnings beat expectations. Boeing is up 4.13% and Cisco, which also beat earnings yesterday after the close, is up 3.59%. All the Dow stocks are up today.

The broader S&P index is up 1.12% at 2849.79 and the Nasdaq is lagging at +0.95%.

Yesterday, the Nasdaq tested its 50 day MA and held (white line in the chart below).

The Dow also tested that MA and held. Technically, that is bullish for each.