Reported about 8 hours ago
There is a notable discrepancy in expectations for the S&P 500 earnings this quarter, with analysts reducing their forecasts while company guidance suggests a strong performance ahead. Analysts predict a 4.2% increase in earnings, down from an earlier forecast of 7%, while firms are indicating a potential 16% jump. Despite analyst concerns, investor confidence remains high, as evidenced by a record stock performance. Early earnings reports show banks exceeding lowered expectations, further complicating the outlook as market focus shifts towards major tech stocks.
Source: YAHOO