div > div.group > p:first-child"> Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as the first-quarter earnings season gets underway. According to Refinitiv, earnings are expected to decline 2.3 percent in the first negative quarter in three years, but it is business leaders' comments on the future outlook that are even more important.
At the same time, economic data, like March's jobs report, are beginning to turn more positive, and first quarter growth has quickly gone from forecasts of nearly flattish back in January to now around 2%, on the back of better March releases. The economic data has been uneven, in part because of the government shutdown, but it has yet to prove the economy is back on track.
The stock market is also at an important inflection point, with the major indexes closing in on all-time highs. The S&P 500 pressed through 2,900 Friday, seen as a point of psychological resistance. The next target traders are watching, if 2,900 holds, is the closing high 2,930 on the S&P. The all-time high was 2,940, reached on Sept. 21.
Earnings are optimistic... WUT?
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The stock market is poised to overtake its record high set back in SeptemberThe S&P 500 is up 23 percent in three-and-a-half months with little more than a 3 percent pullback along the way. I always do the inverted of your calls. Thx for the gainz Sell now and buy bitcoin.
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European markets seen lower amid concern over corporate earningsEuropean stocks are set to open lower Monday morning, as investors prepared for what is expected to be a tough U.S. earnings season.
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