Stock-index futures were little changed Monday as investors looked ahead to one of the busiest weeks of earnings season and a meeting of Federal Reserve policy makers.
“Still, the S&P 500 index managed to close near its record highs as corporate earnings and economic data reassured investors that equities remain the best option for growing wealth,” he said. Analysts also expect double-digit earnings growth for the remaining three quarters of 2021, he noted. Above-average growth rates are due to a combination of higher earnings for 2021 and an easier comparison to weaker earnings in 2020 due to the negative impact of COVID-19 on numerous industries, he said.
Economic Preview: Tone of next week’s U.S. economic data on track to be positive but the Fed will remain tone-deaf
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