Reported 29 days ago
Amid concerns about tech dominance in the stock market, CEOs are increasingly indicating that the third quarter may mark a low point for earnings in cyclical sectors, suggesting improvement could be on the horizon. Despite challenges such as weak demand and elevated inventories due to high interest rates, positive signs are emerging, with companies like 3M and Alcoa exceeding expectations. Analysts believe that as the economy stabilizes, manufacturing and goods sectors may soon experience recovery, providing hope for broader market growth.
Source: YAHOO