Stocks were mostly lower yesterday, but the Dow closed higher gaining 0.44% on the day, extending their winning streak to 6 days in a row ? their best winning streak of the year.

Before the open yesterday, Uber reported a negative EPS surprise, posting a loss of -32 cents vs. the consensus for 21 cents. They beat on revs at $10.13 billion for a positive sales surprise of 0.55%. But their quarterly loss widened from last year's -8 cents. Although, their sales increased by 14.8%. Nonetheless, they were down -5.72% of the day.

Shopify also reported before the open and posted a positive EPS surprise of 25.0%, and a positive sales surprise of 1.35%. That translated to a quarterly EPS growth rate of 1,900%, and a sales growth of 23.2%. Shares fell by -18.59% on the news.

That largely set the tone for the rest of the day.

After the close, we heard from headliner Airbnb. They posted a positive EPS surprise of 78.26%, and a positive sales surprise of 3.66%. That equated to a quarterly EPS growth rate of more than 127%, and a sales growth of 17.6%. However, they were down in after-hours trade by -8.25%.

We also heard from ARM Holdings, and they posted a positive EPS surprise of 20.0%, and a positive sales surprise of 4.86%. Fine enough, but shares were down -9.60% in after-hours trade.

Tougher day yesterday for earnings. Actually, it was a fine day. But given that some of these companies were already up sharply YTD going into their earnings (Uber was up roughly 20% for the year so far, ARM was up 50%, and Airbnb was up 15%), they were priced for perfection. But pullbacks and corrections can be great buying opportunities.

Today we'll hear from another 694 companies on deck to report.

In other news, yesterday's MBA Mortgage Applications were up 2.6% w/w with purchases up 1.8% and refi's up 4.5%.

And Wholesale Inventories were off by -0.4% m/m, in line with the consensus, but down from last month's 0.5% pace.

Today, the only real report we'll get is Weekly Jobless Claims.

With two more trading days left in the week, stocks are on pace for another up week. That would make it 4 up weeks in a row for the Dow, and 3 up weeks in a row for the S&P and Nasdaq.

In the meantime, the Dow is also hoping to extend another winning streak, which is stretching their 6 up days in a row to 7 today.

The broader economic backdrop is definitely friendly for more market gains, not just for now, but for the rest of the year. And one look at the improving earnings and sales estimates for the S&P over the next 3 quarters underscores that.

See you tomorrow,