Analysis: Expected rise in US earnings could be balm for stocks after rough stretch

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

A resilient economy and strong consumer demand are expected to fuel a slight rise in third-quarter U.S. earnings, which could throw a lifeline to a stock rally that has stumbled in recent months.

companies overall are expected to have increased earnings by 1.3% from a year ago, according to LSEG IBES. Though tepid, it would mark a pickup after three quarters of flat or declining profits.

"You've had a rate shock, you've had a confidence shock," Miskin said. "The economy has held up okay, but you need to see it come through in the numbers to support equities." Treasury yields have surged to 16-year highs, dulling the allure of stocks by offering investors comparatively high income on risk-free government bonds.

 

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:

 /  🏆 2. in BUSÄ°NESS

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.

Analysis-Expected rise in US earnings could be balm for stocks after rough stretchAnalysis-Expected rise in US earnings could be balm for stocks after rough stretch
Source: Investingcom - 🏆 450. / 53 Read more »