News Formal

The stock market relies on earnings to limit future downside: DataTrek

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Here's one bullish factor the stock market can continue to rely on to limit future downside, DataTrek says

Today, as the S&P 500 attempts to reclaim that 4,000 level, the 2-Year US Treasury yieldwith expectations that it could move higher as the Fed prepares for more interest rate hikes.

"Current year earnings power is the one notable constant as the S&P has transited through 4,000 numerous times over the last +2 years," he said."This level does seem to be something of a home key for US large caps since the start of 2021."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the earnings recession hasn't hit stocks yet: DataTrekThe earnings recession has started - but here's why it hasn't hit stocks yet, according to DataTrek
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asian Stock Market: Cautions soars amid Fed rate hike fears, PBoC promises expansionary policyMarkets in the Asian domain are demonstrating precaution as enlarging consumer spending in the United States has propelled the risk of more rates by t
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock picks to buy, recession-resistant companies: JefferiesJEFFERIES: Buy these 18 stocks that are less vulnerable to a US recession because of their strong businesses overseas but overseas is inflation too...lol
Source: BusinessInsider - 🏆 729. / 51 Read more »