Reported 11 months 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