S&P 500 Q1 earnings estimated growth improves; stocks up for week

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Earnings Growth News

LSEG,Earnings Season,S&P 500

U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to...

NEW YORK - U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness.

Some 90% of reports from the heavily-weighted communication services are surpassing Wall Street earnings estimates and 88% of reports from the technology sector are beating.The S&P 500 is up more than 2% for the week but remains down more than 2% since the end of March. "It's still a little early to draw a lot of conclusions, but I'm going to call this a mixed earnings season," he said.Also, shares of Intel on Friday were down sharply after it late Thursday gave a downbeat forecast.LSEG noted that the first-quarter forecast has been impacted heavily by an adjustment for Bristol Myers Squibb because of a $12 billion one-time charge related to its acquisition of Karuna Therapeutics.

 

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:

 /  🏆 47. 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.

Stock market today: S&P 500's latest record closes out best first quarter since 20192024's first quarter has been fruitful for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares meander after S&P 500 sets another recordBANGKOK (AP) — Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. Oil prices advanced, while U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

MicroStrategy’s Bitcoin Bet Lifts Its Market Cap Above Nearly Half of S&P 500 FirmsWant a sense of how wild this year’s crypto rally has become: A software maker that’s also considered a Bitcoin hedge fund of sorts now has a stock market capitalization that’s higher than nearly half of the companies in the S&P 500 Index.
Source: BNNBloomberg - 🏆 83. / 50 Read more »