The stock market is looking ahead to earnings season-and it likes what it sees
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The stock market is looking ahead to earnings season as investors hope for growth.
- ✓The Nasdaq Composite gained 0.5% this week, while the S&P 500 dipped 0.2%.
- ✓Joshua Wein said it’s “hard to imagine earnings falling off a cliff in the fourth quarter and 2027.” Many companies will soon share results.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Get out your trust rope and harness. Investors are once again climbing the proverbial wall of worry—and earnings season could provide the piton that supports the stock market’s next move higher.
Really, the stock market shouldn’t be holding up as well as it is. Oil prices remain persistently high, bond yields keep rising, and the Federal Reserve’s next interest-rate hike remains a question of when, not if.
And yet the Nasdaq Composite has gained 0.5% this week, while the S&P 500 index dipped 0.2%. Only the Dow Jones Industrial Average, off 1.3%, suffered a healthy drop.
The market found reasons to hold up in the economic data—a weaker-than-expected September jobs report, particularly slowing wage growth, helped soothe some investor concerns about inflation and interest rates, as the chance of the Fed raising rates in October and December tumbled Friday. But optimism about corporate profits is lifting Wall Street’s mood too.
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