Stock market's September drop may be tied to more than a surge in Treasury yields, says DataTrek

As stock-market investors worry about the damage to equities being inflicted by a jump in Treasury yields, revisions to S&P 500 earnings forecasts may also be souring sentiment.

The cuts to earnings forecasts marks a shift from earlier market commentary on “the recent upswing in estimates” bringing fresh optimism about corporate profits, according to DataTrek. Colas said that many trading algorithms use revisions to earnings forecasts as an input. Most of the S&P 500’s 11 sectors are down so far in September, with only energy and utilities posting month-to-date gains around midday Monday. The utilities sector was clinging to a 0.5% gain month to date, while the S&P 500’s energy stocks were up 2.4% amid higher oil prices CL00, +0.12% in September.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock futures inch up as the market enters last week of September with losses: Live updatesStocks have struggled this month as the Federal Reserve signaled higher interest rates for longer, sending bond yields rising.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Why Are Tech Stocks Down? Bond Yields Are UpA relentless climb brings the 10-year Treasury note’s yield near 4.5%.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »