Money Street News
  • Please enable News ticker from the theme option Panel to display Post

Corporate America is working hard to keep the stock market from falling victim to high expectations.

Another round of rising quarterly profit reports helped drive the S&P 500 Index back to record levels, but in their earnings reports executives largely struck cautious tones on their outlooks. Just 40% of the firms that issued guidance have provided earnings outlooks that exceeded analysts’ expectations, according to Bank of America Corp. If the trend holds, it would be smallest share since April 2020, when the onset of the pandemic was sowing unprecedented uncertainty.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

No, thank you. I do not want.
100% secure your website.