On Tuesday, the S&P 500 and Nasdaq Composite both notched their longest winning streaks since November 2021.
Traders work on the floor of the New York Stock Exchange on November 02, 2023 in New York City.advanced 0.9% to post its eighth straight day of gains. Tuesday marked the longest stretch of positive days since November 2021 for both indexes. The 30-stockThese gains come after about 80% of S&P 500 companies have beaten earnings estimates this season, while slowing demand means that only 59% have also topped revenue expectations.
"All the big tech stocks have already reported; we kind of know where everybody is at this point. So there really shouldn't be too many surprises at this point," said Ken Mahoney, the CEO of Mahoney Asset Management. These ongoing equity gains, led by big-cap technology stocks and combined with muted central bank action could set the market up nicely into 2024, Mahoney added.
He's optimistic that the economy could be in a "Goldilocks environment where it's not too hot to have the Fed raise rates and not too cold," either. "I think that we can have a year-end rally against performance anxiety, and the leader still to be maintained inare all set to report earnings after Wednesday's closing bell. Investors will also watch out for September's wholesale inventories data.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News Today: Dow, S&P 500 Slip; Tesla, WeWork Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Read more »
Stock futures rise slightly after the S&P 500's best week of 2023The Dow just capped its most winning week since October 2022, while the S&P 500 and Nasdaq posted their best weeks since last November.
Read more »
Stock futures are little changed after the S&P 500's best week of 2023The Dow just capped its most winning week since October 2022, while the S&P 500 and Nasdaq posted their best weeks since last November.
Read more »
US Stock Markets - Investing.comLive US stock market data including top stocks for the Dow, Nasdaq, S&P 500 as well as the latest us stock market news & analysis.
Read more »
Stock Analysis and Opinion - Investing.comIn-depth stock analysis, investing strategies, stock picks, and commentary on stocks, indices, and ETFs.
Read more »