The Stock Market Had Its Best Week in Nearly a Year. Earnings Say Watch Out.

The market’s fear gauge says to expect calm. The response of individual stocks to earnings has been anything but. Don’t be surprised if turbulence returns sooner rather than later.

No wonder the Cboe Volatility Index, or VIX, which measures expected S&P 500 volatility and signals the degree of uncertainty, fell to 14.9, down from an October peak of almost 22. That’s a sign that investors, after a brief panic, have stopped worrying and learned to love the market again. On average, though, the market has done more punishing than rewarding. Shares of companies that beat earnings and sales estimates have advanced just 0.3% on average, according to Evercore ISI data, while companies missing forecasts on both have dropped 4.8%. That 5.1-percentage-point gap is wider than the historical average of 4.1 points, while the gain is smaller and the loss is bigger than they typically have been.

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.

Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are doneAsian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. Benchmarks rose Thursday afternoon in Tokyo, Sydney, Seoul and Hong Kong, while declining slightly in Shanghai. Oil prices rose. U.S. stocks rallied Wednesday, with the S&P 500 rising 1.
Source: AP - 🏆 728. / 51 Read more »

Qualcomm, PayPal, SolarEdge, Roku, DoorDash, and More Stock Market MoversQualcomm's fiscal first-quarter forecast tops estimates, PayPal's earnings top estimates, and SolarEdge tumbles after reporting a surprise third-quarter loss.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market today: Global shares surge on hopes the Federal Reserve’s rate hikes are doneGlobal shares have advanced after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Global shares surge on hopes the Federal Reserve’s rate hikes are doneGlobal shares have advanced after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock Market Today: Stocks extend gains as investors see end to Fed rate hikesMarkets are convinced the Fed has ended its historic tightening cycle, with the biggest bets now focused on a rate cut in June.
Source: startelegram - 🏆 248. / 63 Read more »