The Market Brief
Hey team, this week is all about earnings, as key economic numbers take a back seat.
Let’s recap Monday’s session and see what’s next for the markets!
Impact Snapshot
Key Earnings: JNJ 0.00%↑ BAC 0.00%↑ GS 0.00%↑ C 0.00%↑
Macro Viewpoint
U.S. stock index futures were mixed on Tuesday as investors paused following the previous session's rally, with attention turning to upcoming quarterly results from companies such as Goldman Sachs and Bank of America.
All three major indexes surged on Monday, with the S&P 500 and Dow hitting record highs for the second straight session.
The rise was driven by optimism surrounding a strong third-quarter earnings season and a tech stock rally that boosted equities.
With earnings poised to drive US sentiment this week, investors appear not to be deterred by reduced profit forecasts and are instead betting on positive surprises.