Reported about 1 month ago
The US stock market continues its upward trend, even as gains extend beyond the struggling tech sector to other industries like real estate. However, corporate profits show a different picture, with significant reliance on major tech companies for growth. Excluding the so-called Magnificent Seven, earnings growth for S&P 500 firms could turn negative, raising concerns about the sustainability of the rally. Analysts predict a strong outlook for Big Tech, but the broader market must also improve to maintain momentum.
Source: YAHOO