Traders boost bets on Fed rate cuts after producer prices slide
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- 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
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
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
