Corporate Earnings in Focus amid Economic Concerns and Rate Uncertainty
Delta(DAL) Gurufocus·2024-10-07 10:51
After a strong start to the year, U.S. stock traders are now turning their attention to various risks, including economic concerns, uncertainties about interest rates, and election-related anxieties. The most crucial factor for the U.S. stock market this week is corporate earnings. The S&P 500 Index has surged by about 20% in 2024, adding over $8 trillion in market value, mainly driven by expectations of Federal Reserve monetary policy easing and robust profit outlooks. However, with analysts lowering expec ...