FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange in New York CityNEW YORK - Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade.
Additionally, the monthslong rally in stocks has made the index expensive relative to history at a time when rising Treasury yields are pressuring equity valuations. Disappointing earnings from the market’s heavyweights could give investors less reason to hold stocks. Meta Platforms, whose shares have jumped over 40% in 2024, is due on Wednesday, while Alphabet and Microsoft, which are logging year-to-date gains of about 12% and 7.5% respectively, are set for Thursday.
"It appears that the expectations are that they're really going to deliver again," said Patrick Kaser, portfolio manager at Brandywine Global. "And so the risk to me is skewed to the downside."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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