Wall Street Sees Earnings Propelling Defiant Stock Rally Onward
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Wall Street analysts are optimistic about the upcoming earnings season, expecting strong results to continue driving the stock market rally. The S&P 500 is projected to report a 24% increase in earnings for the first quarter of 2024. Analysts believe that robust earnings growth will outweigh concerns about rising interest rates and inflation. The stock market has remained resilient despite recent volatility, with investors focusing on the positive outlook for corporate profits. The upcoming earnings reports from major companies will be closely watched as they provide insights into the health of the economy and the sustainability of the market rally.



https://www.bloomberg.com/news/articles/2024-04-10/wall-street-sees-earnings-propelling-defiant-stock-rally-onward