Investors look to upcoming earnings to keep stock rally going

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. With interest rate cuts on the backburner, Wall Street is looking to corporate earnings to continue powering the 2024 stock market rally. Analysts polled by FactSet expect second-quarter earnings of S&P 500 companies to grow about 8.7% on average from the prior year.

Without Nvidia’s gains, the index’s total return is 10.7%. “High valuations will also need to be defended from rising uncertainty around monetary and fiscal policy, domestic and international elections and geopolitical conflict,” wrote Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, in a Monday note.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

These consumer stocks have strong momentum on their side, Wolfe Research saysInvestors should look to buy these names amid summer choppiness, the Wall Street firm said.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Stock Trader Answers Stock Market Questions From TwitterFormer Wall Street stock trader Lance Breitstein answers your most asked stock market questions from Twitter.
Bron: WIRED - 🏆 555. / 51 Lees verder »