Home Business News US stocks exposed to earnings surprises

The US stock market stabilized to a certain extent, rebounding slightly after two days of losses. The market remains on a downtrend overall but could see a positive price correction if investors’ concerns abate.

A slide in treasury yields has helped alleviate their concerns to a certain extent regarding costs of financing. At the same time, the current direction in the Federal Reserve’s monetary policy and its intention to keep interest rates higher for longer could continue to weigh on sentiment.

The market found some support in the positive company earnings published yesterday. Amazon and Intel released higher-than-expected earnings which contrasted with the mixed results from other technology companies during the previous days.

The US market could continue to see some volatility as traders react to the release of additional company earnings in the coming days. Economic data releases today and in the first few days of next week could retain traders’ attention ahead of the Federal Reserve’s meeting.

The latter is expected to keep its interest rates unchanged, however, comments from its president could affect sentiment and expectations regarding the path of monetary policy.

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