Reported 30 days ago
Companies in the S&P 500 are reporting profits that exceed expectations at the lowest rate in nearly two years, signaling potential declines for the US stocks benchmark. With about 75% of firms having reported lower-than-anticipated earnings, investor optimism is starting to wane ahead of a busy reporting week. Concerns are growing over economic conditions, potential slowdowns in consumer demand, and the effectiveness of AI investments, leading to a cautious outlook for corporate earnings in the coming months.
Source: YAHOO