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Sluggish US earnings may need pick-me-up to support 2023 stock rally

Sluggish US earnings may need pick-me-up to support 2023 stock rally
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Sluggish US earnings may need pick-me-up to support 2023 stock rally

By Lewis Krauskopf NEW YORK (Reuters) -Stock investors have been satisfied by middling U.S. corporate results so far this year but they might not be so .

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Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes

As inflation worries ease, U.S. stocks may need a fresh source of fuel to propel further gains this year, investors said. Data released on Thursday showed annual inflation, which had been running at 40-year highs a year ago, rose at a more moderate pace than expected in July, supporting the so-called "Goldilocks" narrative of disinflation and resilient growth that has won over bearish investors and boosted risk assets this year. The S&P 500 has gained more than 16% on a year-to-date basis, though it was last trading largely flat on Thursday.

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Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes By Reuters

Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes By Reuters
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US stock gains may grow elusive as boost from inflation slowdown wanes

As inflation worries ease, U.S. stocks may need a fresh source of fuel to propel further gains this year, investors said. Data released on Thursday showed annual inflation, which. -Today at 02:36 pm- MarketScreener

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