Wall Street eyes higher open after robust earnings run

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Wall Street's main indexes were set to open near record highs on Wednesday,...

- Wall Street’s main indexes were set to open near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a rally in stocks.

Investors are closely tracking data to assess the fallout of the trade war on the domestic economy. A fresh crop of indicators this week has been mixed, with the ISM services index showing a better-than-expected reading, but nonfarm productivity falling. To some extent, however, those figures reflect the significantly lowered expectations of analysts, who had forecast the first earnings drop since late 2016, and doubts linger about the market’s ability to rally much further this year.

 

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:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines