Positive earnings updates set Wall St. for higher open; Fed in focus

Of the 163 S&P 500 firms that have reported results, 79.1% have surpassed a low bar of quarterly profit expectations, according to Refinitiv IBES data, well above the average of 59% of companies beating profit estimates over the past four quarters.

No major policy decisions are expected in the Fed’s statement at 2 p.m. ET , which will be followed by Chair Jerome Powell’s press conference. Republicans in the U.S. Congress, White House and Democrats still struggled to find a deal on the $1 trillion coronavirus aid package, as the expiry of a $600-per-week enhanced coronavirus unemployment benefit loomed.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

How to write a business plan, according to a former Wall Street exec - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »