Stocks extend rally as U.S. companies report solid profits

Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. Major indexes also notched significant gains to open the week on the strength of better-than-expected corporate earnings.

Goldman Sachs posted quarterly earnings of $3.07 billion, easily beating Wall Street expectations and shares are up almost 3%. Elsewhere, a release of China's most recent economic growth figures due out Tuesday was postponed, removing one factor that had been expected to drive trading. No specific reason was given, but the GDP report might have conflicted with the confident tone of a Communist Party congress being held in Beijing.

"We do not believe the conditions are in place for a sustained rally, and the risk-reward for markets over the next three to six months is unfavorable, in our view," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. Investors worry that inflation is driving the risks for recession higher as the Federal Reserve and other central banks raise interest rates to cool surging prices.

...'solid corporate profits'. It's a short step to actually report on how there are record corporate profits and price inflation. Consumers are getting the shaft and corporations are working hard to influence elections to keep GOP tax breaks.

For now, the Market is still down $7.2 Trillion since Biden took office. It will drop again as the Fed raises interest rates. Democrats have caused the majority of these problems. Too bad the mainstream media refuses to report actual data. Activists have replaced journalists.

Do you think oil and gas companies would not be doing well? You can bet that if oil, gas, and energy are doing well, the others are, too. Only the poor and the struggling middle class are doing bad... the people who vote, thinking they have something to vote for.

Remember those solid corp. earnings and high inflation the next time someone complains about the Fed continuing to tighten.

Investors know the wacko democrats and the Biden administration will lose big this November that is why the markets are up. Americans will still be suffering for years under the Biden recession.

Solid corporate earnings on the backs of Americans. Greed while Americans can’t afford to feed their children

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10-year Treasury yield hovers around 4% as stock markets rally on solid earningsThe yield on the benchmark 10-year Treasury dipped on Tuesday, but remained close to the 4% mark, as stock markets rallied off the back of strong earnings.
Source: CNBC - 🏆 12. / 72 Read more »

A Strong U.S. Dollar Buoys Small-Cap Companies’ StocksThe S&P 600 small-cap index is on pace to outperform the S&P 500 this year for the first time since 2016. 🎯🎯We are having Gold strategy wherein you can earn upto 400-600$ tonight itself 💸Join us now to get signals Anybody who believes the fiat dollar is strong should never be taken seriously They’ve stimulated their own internal economy. The D&B power card doesn’t work at, say, TGI Fridays
Source: WSJ - 🏆 98. / 63 Read more »

Dow climbs nearly 600 points as stocks open sharply higher after Friday’s punishing selloffU.S. stocks opened sharply higher on Monday, with the Dow Jones Industrial Average advancing nearly 600 points, as stocks rebounded following Friday’s...
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow closes up more than 300 points as strong earnings boost stocks in choppy marketStocks rose for a second straight session on Tuesday as strong corporate earnings reports helped extend a rally to start the week. The Dow rose 1.13%. The S&P 500 gained 1.16%. The Nasdaq was up 0.90%. 31020 intraday high of 09/21/22 must be recaptured 30454 intraday high of 10/05/22 must be defended so that we can argue and substantiate that we have in fact experienced something like a short-term trend reversal in the DowJones DJIA DJI $DJI $DJIA buy buy buy!
Source: CNBC - 🏆 12. / 72 Read more »