Shares closed at document highs on Friday. Can company earnings push the inventory market even increased?
It was one other good week for shares because the Nasdaq, S&P 500, and Dow Jones all elevated larger than 1%. This transfer increased got here regardless of some inflation readings coming in somewhat hotter than anticipated. Nonetheless, it wasn’t scorching sufficient and the main focus stays on the labor market and a Federal Reserve that desires to turn into much less restrictive.
For the week forward, it’s the primary full week of earnings reviews being launched. A number of the notable firms reporting are Financial institution of America, Goldman Sachs, Johnson & Johnson, Netflix, and Procter & Gamble. With shares at document highs and loads of excellent news already priced in, a catalyst is required to maneuver the market even increased, and a stable earnings season may present simply that.
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