From The Economic Times · · 1m 30s
US Stocks Rise as Earnings and Inflation Data Approach
Wall Street gains ahead of Q3 earnings and inflation data that could shape Fed policy.
In brief
Wall Street gains ahead of Q3 earnings and inflation data that could shape Fed policy. US markets rose as investors prepared for Q3 earnings reports and inflation data that may influence Federal Reserve decisions. Originally reported by The Economic Times.
Wall Street Ends Higher
Wall Street closed higher on Friday as investors focused on next week's Q3 earnings season and inflation data expected to inform Federal Reserve policy decisions.
Market Indices Rise
The S&P 500 gained 46.35 points to 7,811.71, while the Nasdaq Composite rose 172.83 points to 27,365.00, and the Dow Jones Industrial Average climbed 429.90 points to 51,661.54.
Earnings Season Begins Next Week
Major US banks including Wells Fargo, Goldman Sachs, Citigroup, JPMorgan Chase, Bank of America and Morgan Stanley will report Q3 earnings next week.
Earnings Projections
Analysts expect S&P 500 earnings to rise 30.6% year over year in Q3, with energy and technology sectors projected to grow by 123% and 66.5% respectively.
Consumer Sentiment Weakens
US consumer sentiment weakened this month, with near-term expectations falling to a record low, highlighting growing concerns among consumers who drive 70% of the us economy.
AI-Linked Stocks Gain
AI momentum stocks broadly gained as the us bull market, driven by artificial intelligence enthusiasm, approached its fourth anniversary.
T-Mobile, AT&T and Verizon Drop
T-Mobile US, AT&T and Verizon ended sharply lower after oil prices fell and treasury yields rose following president trump's comments on iran.
The main idea
US markets rose as investors prepared for Q3 earnings reports and inflation data that may influence Federal Reserve decisions.
