S&P 500 adds to mid-October rebound from bear market low

each adding about 1% ahead of their quarterly reports after the bell as investors bet that a relatively strong start to third-quarter earnings season will continue.is up about 8% from its closing low on Oct. 12, and a close at its current level would mark the index's third largest gain from a low so far in 2022's bear market. Tuesday's gains put the S&P 500 about 10% above its intra-day low on Oct. 13.

Earnings expectations have also sunk this year, with analysts on average expecting S&P 500 companies to increase their adjusted earnings per share by 6.8% in 2022. That compares to an estimate of 9.5% in July.Still, third-quarter earnings season so far has been better than expected, with nearly three quarters of the 129 companies in the S&P 500 exceeding earnings per share estimates, according to Refinitiv data.

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.

S&P 500 Outlook: Corporate Earnings in Focus as Fed Enters Blackout PeriodS&P 500 continues bullish push as key resistance comes into view. Federal Reserve enters blackout period ahead of next week’s meeting. Mega-cap tech earnings likely to set the tone for risk assets this week.
Source: DailyFX - 🏆 305. / 63 Read more »

Dow rises more than 400 points as stocks extend rally after best week since JuneU.S. stocks advanced on Monday, adding to their gains after the best week for at least two of the three major indexes — the S&P 500 and the Dow — since June. The Dow Jones Industrial Average rose 417.06 points, or 1.3%, to climb to 31,499.62:
Source: MarketWatch - 🏆 3. / 97 Read more »