Lofty U.S. stocks leave investors punishing earnings disappointments

Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5 per cent pullback of the year. The S&P 500 is up about 7 per cent in 2024 and some 24 per cent since late October..

More earnings are in store in the coming week from the so-called Magnificent Seven group of companies that drove markets higher last year. Amazonreports on Tuesday and Apple on Thursday. On Wednesday, the Federal Reserve will release its latest monetary policy statement after concluding its two-day meeting.

Rising Treasury yields could be another factor. Companies’ projected future profits are more heavily discounted in analysts’ models when bond yields rise, as investors can now get a higher reward from risk-free government debt. The benchmark 10-year Treasury yield hit 5.74 per cent this week, its highest level since early November, following more evidence of stronger than expected inflation.

Corporate profits are “coming through at a level that can provide support for the market and kind of overcome some of the wobbliness in the inflation and the interest rate environment here,” Carlson said.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Lofty US stocks leave investors punishing earnings disappointmentsExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

Wall St Week Ahead Lofty US stocks leave investors punishing earnings disappointmentsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

JPMorgan Strategists Say Earnings Unlikely to Boost Lofty StocksDon’t bank on an upbeat corporate earnings season to drive equities higher as much of the optimism is already priced in following the record-breaking rally this year, according to JPMorgan Chase & Co. strategists.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

JPMorgan Strategists Say Earnings Unlikely to Boost Lofty Stocks(Bloomberg) -- Don’t bank on an upbeat corporate earnings season to drive equities higher as much of the optimism is already priced in following the record...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

US stocks' lofty valuations in spotlight as earnings season nearsThe U.S. stock market is the most expensive it has been in around two years. Its valuation could be put to the test as companies report earnings in coming...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

U.S. stocks’ lofty valuations in spotlight as earnings season nearsThe bar may be rising for equities to keep advancing at their current pace
Fuente: globebusiness - 🏆 31. / 66 Leer más »