Tesla earnings, Jerome Powell speech, retail sales highlight key week on Wall Street

📆 10/16/2023 5:25 AM
📰 startelegram

⏱ Reading Time:
31 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Wall Street bulls face a crucial test this week as the third quarter earnings season shifts into full gear amid rising geopolitical tensions and renewed inflation risks.

Wall Street enters one of the most important weeks of the year Monday as investors hope that early signs of a robust third quarter earnings season will offset the surge in geopolitical risks and renewed rate and inflation concerns.

Bank of America's Savita Subramanian notes that this third quarter earnings season is the first since the end of 2021 that hasn't seen downward revisions heading into the start of reporting, adding that"macro data and other indicators that we track generally point to a beat" in overall S&P 500 profits."We see more green shoots than red flags," she said.

Tesla's third quarter earnings, slated for after the close of trading on Wednesday, will likely be the key release of the week and set the tone for risk markets heading into the end of the month.

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:

Write Comment

United States United States Latest News, United States United States Headlines

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

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCDFW - 🏆 288. / 63 Read more »