Wall St Week Ahead Stakes are high as megacap companies highlight big earnings week - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors are hoping a flood of US quarterly reports next week, including those from megacap growth titans, will confirm a solid profit outlook for corporate America and bolster the case for stocks after a rocky start to the year.

Nearly 180 companies in the S&P 500, worth roughly half of the benchmark index’s market value, are due to report results next week.

The S&P 500 has moved lower in April and was down 10.4% so far this year after a sharp selloff on Friday. One recent casualty has been Netflix , whose shares tumbled around 35% in a single session after the streaming giant reported its first drop in subscribers in a decade. Investors will zero in on results from Apple, Microsoft, Amazon and Alphabet, which combined have a market value of about $8 trillion and make up one-fifth of the weight of the S&P 500.

Beyond the bottom line results and financial outlooks, investors also will be looking to see if companies can maintain their profit margins as inflation threatens to drive up their input costs.

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:

 /  🏆 37. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07

Meantime South African financiers don't fund ecommerce and software startups, yet these makeup the largest and most successful corporations in the world... 'African Solutions' 🤦 IDCSouthAfrica NEFCORP TheRealSEFA TreasuryRSA

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines