Reported about 4 hours ago
The recent surge in the US dollar threatens the earnings prospects of major multinational companies like Amazon and Apple, raising concerns about the sustainability of stock market gains. The strong dollar, which has risen almost 7% since September, can negatively impact export demand and overseas earnings, leading to potential earnings recessions for firms sensitive to currency fluctuations. As market valuations remain high, investors are wary of the dollar's ongoing strength and its implications for future corporate profits amidst geopolitical tariffs and trade dynamics.
Source: YAHOO