US: Stocks jump ahead of major earnings, economic data

"Ultimately the stock market is in a mode of blocking out bad news right now and is squeezing the 'worst is behind us' narrative for all it is worth," Briefing.com analyst Patrick O'Hare said, warning that the market had become"divorced from fundamental reality."

Investors will receive plenty of concrete data in the coming days, with fresh consumer confidence and new weekly figures jobless benefits, as well as the report on first-quarter economic growth and a Federal Reserve monetary policy meeting. It is also a busy week for earnings. Among the corporate giants reporting results: Amazon, Boeing, Pfizer, American Airlines and Exxon Mobil.

Companies in the S&P 500 are on track to suffer a 15.8 per cent drop in first-quarter profits, according to Factset, making it the worst year-over-year decline since 2009.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US banks gird for mad grab of another US$310 billion in new small business aidU.S. banks were girding on Monday for another chaotic dash to grab US$310 billion in fresh small business aid due to be released by the government ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

US banks in another mad grab for US$310 billion in new small business aidU.S. banks on Monday began another chaotic dash to grab US$310 billion in fresh small business aid released by the government, after it changed ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

Hong Kong: Stocks finish with strong gains[HONG KONG] Hong Kong stocks rallied at the start of the week, piling on almost two per cent Monday, fuelled by hopes that coronavirus may have peaked in some of the worst-hit countries as governments move to lift some lockdown restrictions. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »