News Formal

Wall Street rally stalls on Boeing slide, earnings jitters

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

U.S. stocks were lower on Monday, following the S&P 500's seven-day winning streak, as Boeing fell and investors braced for what could be the ...

REUTERS: U.S. stocks were lower on Monday, following the S&P 500's seven-day winning streak, as Boeing fell and investors braced for what could be the first decline in corporate earnings since 2016.

However, lowered earnings expectations and worries about an economic slowdown are starting to dampen investor enthusiasm. The S&P 500 is trading 16.7 times its next 12-month earnings estimate, up from 14.6 times during the peak of December sell-off but below the 17.3 times at its record high hit in late September.

 

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:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Wall Street rises on trade hopes, chip stocks at record highsU.S. stocks opened higher on Wednesday, resuming a rally after a pause in the previous session, fueled by optimism over trade talks with Beijing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »