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A Better Year for Stock Markets?

An old finance-industry heuristic and recent developments in the real economy may have weakened the pessimists' case.

03 Şub 2023

a-better-year-for-stock-markets
• Wall Street banks slashed their forecasts for Q3 earnings of big US companies by $34 billion over the past three months, with analysts now expecting companies listed on the S&P 500 index to post earnings-per-share growth of 2.6% in the third quarter compared with the same period a year earlier, which would mark the weakest quarter since Q3 of 2020, during the Covid-19 lockdowns.

10 Eki 2022

• A total of more than $9 trillion was wiped off of US stocks' value in the first half of this year, as the market value of the S&P 1500 index tumbled from $45.8tn to $36.6tn in a matter of six months, with the tech-heavy Nasdaq 100 heading for a historic nosedive as it would finish the year down 49% at this rate, Bloomberg data shows . via Bloomberg Furthermore: Nasdaq 100 firms that have valuations over $100 billion shrank to 21 from 33 at the start of...Devamını Oku

01 Tem 2022

Daily market movements. Prices at markets close. Brent oil futures fell as low as $97.50 a barrel on Tuesday before recovering some of the losses but still ended the day below the opening price as OPEC's reassuring statement about the rest of the year eased concerns. Stoxx 600 index closed down due to concerns over the fresh Covid-19 spread in China while the S&P 500 index jumped thanks to a lower-than-expected PPI reading that helped ease inflation fears...Devamını Oku

16 Mar 2022

• Apple is only 7% shy of hitting $3 trillion (€2.65tn) in market value, just over a year after breaching the $2 trillion mark. Apple’s shares closed trading in Nasdaq at $175.08 yesterday, and the company would reach the milestone at $182.85. The magnitude: A $3 trillion market cap means the iPhone-maker would be bigger than the UK economy and the entire German equity market, and rank as the world's fifth-largest economy after Germany. The backstory: Apple’s sh...Devamını Oku

09 Ara 2021