US producer prices unexpectedly fall; goods deflation seen persisting
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- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Stocks will most likely under-react to earnings - Bernstein
January 12, 2024 9:58 AM ESTStocks will most likely under-react to earnings, according to Bernstein analyst Ann Larson in a note Friday.
Larson explained that S&P 500 earnings for the fourth quarter of 2023 are expected to decline by 0.1% year-over-year on 2.9% higher revenues based on consensus estimates. Meanwhile, earnings growth forecasts are positive for 5... More
