US stocks ended last week on a high note after a weaker-than-expected April jobs report boosted optimism that the Federal Reserve could soon lower interest rates.soared by 450.02 points, or 1.18% on Friday, closing at 38,675.68. The S&P 500 jumped 1.26% to 5,127.79, marking its strongest day since February. Meanwhile, the
For this week, much of market attention will likely be directed at upcoming economic data releases, most notably the University of Michigan report on Friday. Meanwhile, there will also be several speeches from Fed officials, including Vice Chair Jefferson, Vice Chair for Supervision Barr, Governors Cook and Bowman, and President Barkin, among others.So far, data from earnings reports showed that the overall outlook for US companies remains positive, particularly Big Tech players.
Days ahead will see several more major earnings reports come to light, most notably those by Walt Disney, Reddit, and Arm Holdings.: “We are now seeing mostly outperformance among the stocks that have beaten consensus on EPS so far within the Russell 1000, reversing the underperformance that had been seen among the earliest reporters.
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Source: Investingcom - 🏆 450. / 53 Read more »
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