NEW YORK: As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low ...
NEW YORK: As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings.
As stocks sold off in December, some investors worried 2019 would bring a profit recession for S&P 500 companies, defined as at least two quarters of year-over-year declines. The last U.S. profit recession ran from July 2015 through June of 2016. "I worry that the comparisons are going to be much more difficult as we navigate the rest of the year."
Still, with investors largely discounting weaker profit trends, the first-quarter reporting period could bring market volatility, Ameriprise Financial strategists said. The United States initially had a deadline to reach a deal on trade with China by March 1, but the White house has said it needs more time.
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.
Wall Street gives up gains on news of troubled trade talksU.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day ...
Read more »
Wall Street set for muted open as investors await Fed outlookU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Brazil's Bolsonaro backs Trump wall, derides immigrants ahead of meetingBrazilian President Jair Bolsonaro endorsed U.S. President Donald Trump's immigration agenda on the eve of their first meeting at the White House, ...
Read more »
FedEx outlook weighs on Wall St. ahead of Fed policy decisionU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Financials weigh down Wall Street as Fed stays dovishU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Banks stifle Wall Street rally following dovish Fed statementU.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the ...
Read more »
Tech dominates Wall Street rally in wake of dovish Fed statementU.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year ...
Read more »
Australia, New Zealand: Shares follow Wall Street rally[BENGALURU] Australian shares rose on Friday, tracking gains on Wall Street after strong US economic data eased concerns about a cooling economy, with financials and healthcare stocks boosting the local benchmark. Read more at The Business Times.
Read more »
Rally may build in absence of trade, Fed surprisesUS stock indexes recorded their biggest gains since November last week despite a weak showing for Boeing and other manufacturers as fears about Brexit and US-China trade negotiations subsided. Read more at The Business Times.
Read more »
US stocks bounce, shrugging off economic doubtsNEW YORK: Wall Street stocks shrugged off doubts about the US economy and powered higher on Thursday (Mar 21), with Apple soaring ahead of an ...
Read more »