Published • loading... • Updated
US stocks rise to a record on expectations companies will make even fatter profits
Analysts expect S&P 500 companies to post nearly 30% earnings growth, with easing bond yields and AI-linked deals supporting the rally.
- On Tuesday, the S&P 500 climbed 0.7% to surpass its August record, while the Dow Jones Industrial Average rose 0.6% and the Nasdaq composite reached an all-time high.
- Analysts expect S&P 500 companies to deliver nearly 30% growth in earnings per share from a year earlier, according to FactSet, marking a third straight quarter of growth exceeding 25%.
- Constellation Energy jumped 11.7% after announcing a long-term deal to supply Google with electricity, while Lamb Weston rallied 8.2% after beating quarterly profit projections.
- Yields on the 10-year Treasury eased to 5.26% from 5.31% late Monday, and Brent crude oil settled at $100.58, helping ease inflation pressure on markets.
- Despite inflation and bond yield concerns, strategists at Barclays Capital say rising earnings help investors "win the tug-of-war against yields" and sustain market gains.
Insights by Ground AI
8 Articles
8 Articles
US stocks rose to new records. US stock markets continued to rise on Tuesday as the upcoming earnings season and artificial intelligence demand outweighed high bond yields. US Stock Exchange, USA, Investing, Stock, NASDAQ.
Coverage Details
Total News Sources8
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
Factuality
To view factuality data please Upgrade to Premium
