Wall Street bull run hinges on earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Optimism that the United States and China will soon reach a trade deal has helpe...

NEW YORK - Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive factor in whether the bull market runs much further may be this year’s corporate earnings.

The S&P 500 has risen 14.8% so far this year and is now just 1.8% below its record closing high of 2,930.75 on Sept. 20 and even closer to the 2,900 median year-end forecast from market strategists polled by Reuters in February. While earnings are expected to fall 2.5% year-over-year in the first quarter and register tepid growth in the second and third quarters, according to Refinitiv, consensus estimates have them rebounding in the fourth quarter, rising 8.9%.

“Almost all the earnings growth is backloaded into the end of the year,” said Emily Roland, head of capital markets research at John Hancock Investments in Boston. “We’re going to need a positive surprise in earnings to keep the engine running for strong market returns.” “With a more benign interest-rate outlook, we could go back to more positive earnings projections,” he said. “It’s a fairly major development.”While many investors believe a U.S. trade agreement with China would provide only a limited boost to equities at this point, the effects of such a deal could play a significant role in earnings outlooks for the second half of the year.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

And Trump not taxing the EU AND SLAPPING TARRIF'S ON ANYTHING THAT DISAGREES WITH HIS ORANGE HAIRLINE!!! JUST TWEETING BRO. CHOLLAX

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:

 /  🏆 2. 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.

U.S. chip stocks surge on trade deal hopes, Wall Street edges upU.S. stocks edged higher on Wednesday, extending a strong start to the quarter a... TV Nowadays stocks surged or plunged every time were due to trade deal , hard to believe
La source: Reuters - 🏆 2. / 97 Lire la suite »

Wall Street opens lower on worries over trade, earningsWall Street's main indexes opened lower on Tuesday, as trade concerns resur... In other news the economy is rolling along like a freight train but don’t let the facts get in the way. FakeNews
La source: Reuters - 🏆 2. / 97 Lire la suite »