[July 19, 2011] SmarTrend Midday Market Recap -- July 19, 2011 (DJI,INX,IXIC) Tweet Jul 19, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated July 19, 2011: 12:30 PM ET --- The major U.S. equity indices are trading higher Tuesday as quarterly results top expectations and following data on the housing-market. The Commerce Department reported builders started work on a seasonally adjusted 629,000 homes in June, up 14.6% from May. Economists had expected a 3.6% increase to 580,000. In corporate news, Coca-Cola Company (NYSE:KO) reported Q2 EPS of $1.20, ahead of consensus estimates of $1.16 per share. Revenues for the quarter rose 47% year-over-year to $12.7 billion, topping consensus estimates of $12.4 billion. Bank of America (NYSE:BAC) reported adjusted Q2 EPS of $0.33, ahead of consensus estimates of $0.29 per share. Revenues for the quarter were $13.48 billion, ahead of consensus estimates of $12.34 billion. The Dow Jones Industrial Average (DJI) is trading 1.06% higher at 12,516.28, the S&P500 (INX) is trading 0.86% higher at 1,316.73, and the Nasdaq Composite (IXIC) is trading 1.48% higher at 2,806.15. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]