Big Tech earnings, crucial call for inflation: Biggest week of the season


People walk past the New York Stock Exchange (NYSE) on February 14, 2023 in New York City.

Spencer Platt | Getty Images News | Getty Images

Stocks have been stuck this week as investors brace for another wave of Big Tech earnings and the Fed’s favorite inflation reading.

Earnings reports have generally been better than expected so far in the first quarter. Estimates for the full year S&P500 largely held around the $220 level set in April. Next week’s announcements will surely test those numbers, as well as the bulls on the Nasdaq’s 15% gain this year. It also happens to be the most important week for our portfolio.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top