Global S&P Futures mixed in premarket
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- S&P Dow Jones Indices adds Bloom Energy to S&P 500 index
- Citi highlights best Gen AI stocks to own for 2027
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- Netflix raises prices in Germany and Austria, Citi comments
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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Citi: Productivity gains a tailwind to S&P 500 earnings
July 22, 2024 6:44 AM EDTAccording to Citi analysts, productivity improvements are emerging as a significant contributor to the resilience of S&P 500 earnings.
As we approach the bulk of the Q2 earnings season, there are numerous macro and micro forces at play. However, Citi's focus on productivity underscores its potential to sustain earnings growth despite broader economic uncertainties.
Citi's analysts highlight that "productivity" is becoming a key component in their "earnings resilience" theme. While the impact of productivity gains... More
