Earnings bolster US stocks but crucial inflation report looms

NEW YORK - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.

Strong earnings have “got investors feeling more comfortable about being in this market," said Art Hogan, chief market strategist at B Riley Wealth. However, “the trajectory of inflation is always going to be important to us while we're in a cycle where we expect the next thing for the Fed to do is to cut rates."

"There's been enough in terms of upside surprise that's helped to support the markets," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. "There was concern that it could even be somewhere between a modest and weak earnings season, which didn't happen.") the last of the group to report, on May 22, Magnificent Seven quarterly earnings are on track to jump 49.4%, according to Tajinder Dhillon, senior research analyst at LSEG.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Q1 S&P 500 Earnings: Another Normal Earnings Season in the Offing?Stocks Analysis by Brian Gilmartin covering: S&P 500, Intuitive Surgical Inc, Johnson & Johnson, Abbott Laboratories. Read Brian Gilmartin's latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

What is Earnings Season & What to Look for in Earnings Reports?Learn about earnings season and when it occurs, what to look for in earnings reports, and top tips for trading the period.
Sumber: DailyFX - 🏆 305. / 63 Baca lebih lajut »

Rihanna Net Worth 2024: Fenty Beauty Earnings, 'Black Panther 2' EarningsRihanna's net worth in 2024 reveals her 'Black Panther 2' salary and how much she makes from Fenty Beauty, Savage x Fenty and her music career.
Sumber: StyleCaster - 🏆 104. / 63 Baca lebih lajut »

Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectationsThese names have seen big drops in what analysts expect them to report for earnings.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Apple Earnings Preview: Low Bar Could Set the Stage for Post-Earnings RallyStocks Analysis by Investing.com (David Wagner) covering: Apple Inc, Tesla Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Buy the earnings dip in this gig economy stockBuy the earnings dip in this gig economy stock - Deutsche Bank
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »