div > div.group > p:first-child"> Earnings from a broad swath of industries, like financials, technology, transportation and consumer products roll out in the coming week as the first-quarter earnings season gets underway. According to Refinitiv, earnings are expected to decline 2.3 percent in the first negative quarter in three years, but it is business leaders' comments on the future outlook that are even more important.
At the same time, economic data, like March's jobs report, are beginning to turn more positive, and first quarter growth has quickly gone from forecasts of nearly flattish back in January to now around 2%, on the back of better March releases. The economic data has been uneven, in part because of the government shutdown, but it has yet to prove the economy is back on track.
The stock market is also at an important inflection point, with the major indexes closing in on all-time highs. The S&P 500 pressed through 2,900 Friday, seen as a point of psychological resistance. The next target traders are watching, if 2,900 holds, is the closing high 2,930 on the S&P. The all-time high was 2,940, reached on Sept. 21.
Earnings are optimistic... WUT?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
These are Goldman's most-loved market-beating stocks for the tough quarter aheadGoldman analysts handpicked 30 stocks with winning traits such as low labor costs, large dividends and big sales, which will work well in a slowdown. LOL... Um, SELL? And it’s not getting any better but worse...
Source: CNBC - 🏆 12. / 72 Read more »
The stock market is poised to overtake its record high set back in SeptemberThe S&P 500 is up 23 percent in three-and-a-half months with little more than a 3 percent pullback along the way. I always do the inverted of your calls. Thx for the gainz Sell now and buy bitcoin.
Source: CNBC - 🏆 12. / 72 Read more »
European markets seen lower amid concern over corporate earningsEuropean stocks are set to open lower Monday morning, as investors prepared for what is expected to be a tough U.S. earnings season.
Source: CNBC - 🏆 12. / 72 Read more »
Corporate Profit Squeeze Looms, Threatening Stocks’ ClimbThe stock market has been on one of its strongest runs in two decades, but a looming pullback in earnings poses a threat to its rise. tradnews_ People with inferior talents give inferior advice and you get inferior results. Approaching election time is usually good for equities. Not so good news in economy likely not to stop equities, any pullback is temporary and routine. Over time cash is a wasting asset due to inflation & Fed wont want deflation, more likely sidelined cash moves to equities... Toss them another 2 trillion of our taxes back at them. That oughta hold them off till after elections.
Source: WSJ - 🏆 98. / 63 Read more »
Fed must 'tread carefully' given market signals on outlook: BullardSt. Louis Federal Reserve President James Bullard said the Federal Reserve needs to 'tread carefully' to keep the economy growing. Financial markets are sending worrisome signals about the U.S. economic outlook, Bullard said. Never gets it right 👍🏻 That’s nice
Source: CNBC - 🏆 12. / 72 Read more »