Published • loading... • Updated
US stocks rise to a record on expectations companies will make even fatter profits
Analysts expect nearly 30% earnings growth as AI-related strength and easing bond yields help lift stocks to new highs, FactSet said.
- On Tuesday, the Dow Jones Industrial Average climbed 201 points, or 0.4%, while the Nasdaq composite added 0.5% to reach a new all-time high.
- Markets rallied as oil prices dropped 2% to $98.30 per barrel, easing inflation pressure, while the 10-year Treasury yield fell to 5.25% from 5.31% late Monday.
- Constellation Energy jumped 15% on Tuesday following a deal to supply Google with nuclear-scale electricity, while Lamb Weston shares rallied 11.1% after beating profit projections.
- Option Care Health shares soared 33.1% after private investment firm CD&R and healthcare company McKesson announced a roughly $5.8 billion acquisition deal.
- Analysts expect S&P 500 companies to deliver nearly 30% earnings growth, potentially marking a third straight quarter of growth exceeding 25%.
Insights by Ground AI
Podcasts & Opinions
156 Articles
156 Articles
Wall Street ends lower, off record highs, as Treasury yields climb
·London, United Kingdom
Read Full Article
Wall Street ends lower as Treasury yields climb
Wall Street closed lower on Wednesday, as long-dated US Treasury yields resumed their climb, reviving fears about inflation and mounting debt the day after the S&P 500 and the Nasdaq hit record closing highs. All three major US stock indexes were modestly lower, with the S&P 500 and the Dow snapping four-day winning streaks. The Nasdaq notched its first down day in six. Brent crude settled above US$100 per barrel and long-dated Treasury yields t…
Coverage Details
Total News Sources156
Leaning Left23Leaning Right30Center35Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 26%
C 40%
R 34%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
