If there is one thing that investors dislike more than bad news, it is uncertainty. As we stated in our April newsletter, the US economy is currently in the Implementation Stage, where financial markets eagerly await Congress to enact President Trump’s policy agenda.
Policy matters. For almost a decade, the economy and markets have been driven by the Federal Reserve’s (Fed) monetary policy.
U.S. stock indexes opened at record highs on Wednesday following a set of strong quarterly earnings, led by Boeing and AT&T.
A set of strong earnings from companies, including Caterpillar and McDonald’s, lifted the Dow and drove the S&P 500 to a record high, but the tech-heavy Nasdaq was dragged lower by losses in Google.
Analysts have raised their expectations for S&P 500 earnings to 9.6 percent, compared with an 8 percent rise projected at the start of the month.
Global equities slipped Friday as investors continued to closely watch the latest round of corporate earnings.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS The ECB left its key interest rates unchanged as expected and retained a passage in its opening statement reiterating its readiness to increase its €60 billion ($69 billion) a month bond-buying program if needed. The Bank of […]
Analysts estimate an 8.5% rise in second-quarter earnings and a 4.7% increase in revenue for the S&P 500 companies from a year earlier.
Analysts’ are estimating an 8.2 percent rise in second-quarter earnings for the S&P 500 companies from a year earlier.
Analysts estimate second-quarter earnings for the S&P 500 companies rose 8.1% from a year earlier.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS U.S. stocks were slightly higher at the open on Friday as June consumer price index data indicated benign inflation that could test the Federal Reserve’s resolve to raise interest rates for a third time this year, while […]