News Formal

S&P 500 Forecast: Index gains on Monday as markets look ahead to Apple earnings, Treasury refunding

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The S&P 500 index opened higher on Monday as the market hopes the more attractively-valued index can rally following two consecutive weeks of greater than 2% losses.

S&P 500 loses 2.53% in final full week of October, its second consecutive week of +2% decline. Morgan Stanley’s Mike Wilson reiterates call for S&P 500 to fall another 5% to close year at 3,900. S&P 500 RSI drops to oversold territory at 29 last Friday. Fed FOMC meeting on Wednesday expected to keep rates unchanged. Apple, Starbucks, Caterpillar, Pfizer and AirBNB all report earnings this week. Last week’s dismal performance that subtracted 2.

S&P 500 FAQs What is the S&P 500? The S&P 500 is a widely followed stock price index which measures the performance of 500 publicly owned companies, and is seen as a broad measure of the US stock market. Each company’s influence on the computation of the index is weighted based on market capitalization. This is calculated by multiplying the number of publicly traded shares of the company by the share price. The S&P 500 index has achieved impressive returns – $1.

 

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:

 /  🏆 14. 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.

Oppenheimer slashes forecast for S&P 500, but still sees stocks rising from hereOppenheimer's John Stoltzfus previously had the highest target in the CNBC Market Strategist Survey.
Source: CNBC - 🏆 12. / 72 Read more »

Revvity Is the Worst Performer in the S&P 500 Monday After Cutting GuidanceRevvity posts third-quarter earnings of $1.18 a share, 1 cent below estimates. Revenue of $670.7 million also came in below forecasts.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market today: Asian shares slip after S&P 500 slips ahead of Fed interest rate decisionAsian shares are mostly lower ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. On Friday, stocks stumbled on Wall Street. The S&P 500 fell 0.5% and is now in what's called a correction, down 10% from the peak for this year that it hit in July. The Dow fell 1.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares slip after S&P 500 slips ahead of Fed interest rate decisionAsian shares are mostly lower ahead of a Federal Reserve decision this week on interest rates.
Source: wjxt4 - 🏆 246. / 63 Read more »