Dow Jones, Nasdaq, S&P 500 weekly preview: Q1 earnings season kicks off

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Dow Jones, Nasdaq, S&P 500 weekly preview: Q1 earnings season kicks off

On Friday, stocks on Wall Street retreated as concerns over inflation and geopolitical tensions weighed and a broader decline in banking stocks weighed on investor sentiment.declined by 1.62%, finishing at 16,175.09. During the session, the Dow momentarily dipped by nearly 582 points, indicating a 1.51% loss, and the S&P 500 had slid by as much as 1.75%.

“We expect a strong retail sales print, but risks are to the downside,” Bank of America strategists said in a Monday note. BofA strategists said Monday that the equity market has been macro-driven over the past two years, however, recent signs have indicated that earnings data is becoming the primary driver, “ with EPS driving 53% of the S&P 500 return YoY in March,” they noted.

“Given that the rally in equities since October has largely been a function of higher multiples as rates came down, it’s rational to assume that multiples may now face headwinds if rates rise further.”: “In a break from recent norms, though, the activity momentum firmed up during the quarter, as seen in rising global PMIs - middle chart. This improvement, combined with the reduced earnings hurdle rate on the back of lowered expectations, is suggesting that we will get earnings beats.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earningsU.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend.
La source: Reuters - 🏆 2. / 97 Lire la suite »