This week, 165 components of the S&P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&P 500 companies to grow 34.8% year-on-year for the third quarter.
Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&P 500 that have reported earnings through Monday morning, 83.2% have topped analysts' expectations. "Earnings have been good so far, there is always positive vibes in earnings because you have warnings before it starts of course. But for some supply-chain problems, generally the economy was strong so people were positioning ahead of earnings," said Hatfield.lost 2.83% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.
Advancing issues outnumbered declining ones on the NYSE by a 2.01-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers. The S&P 500 posted 77 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 150 new highs and 80 new lows.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: Forbes - 🏆 394. / 53 Read more »