Markets can 'start focusing more on earnings' as Fed path becomes clearer

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Fears of another Fed rate hike and the threat of rising yields are taking a back seat to corporate earnings.

The 710 companies that reported quarterly results last week saw a 2.3% gain in the trading session following their release, according to Bespoke Investment Group. That's one of the best readings in the last 20 years.

The moves over the past week "changed the market psychology," according to Evercore ISI's Julian Emanuel. With some major headwinds at bay for now, investors can digestwhat's expected to be the first quarter of positive earnings per share growth for S&P 500 companies since the third quarter of 2022. ‘The goose lays more golden eggs every year’: Warren Buffett explains why capitalism isn’t working for young people today — and the simple way he’d solve itOne TSX stock has turned $10,000 into over $1 million in fewer than 15 years. Here's why it still might be a great investment. The post 1 Magnificent TSX Stock That Turned $10,000 Into $1.17 Million appeared first on The Motley Fool Canada.

 

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Stock market news today: Stocks rise slightly after huge week of gainsConfidence that the Fed is done with rate hikes is still encouraging investors into stocks.
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