Reported about 14 hours ago
The US stock market, experiencing its strongest rally since the dot-com era, faces a critical test as companies report quarterly earnings. The S&P 500 recently dropped 1.5%, reflecting concerns that the Federal Reserve may not cut interest rates soon and that lofty earnings expectations could be unmet. Investors are watching for growth trends outside of major tech firms and evaluating the impact of new tax and trade policies under President-elect Donald Trump. With high earnings-per-share growth projected for the next year, companies will need to significantly exceed forecasts to maintain market valuations.
Source: YAHOO