BusinessWall Street kicks off month on strong footing, growth stocks lag
Shreyashi SanyalSruthi Shankar
5 minute read
A trader walks outside the New York Stock Exchange in New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton
Wall Street s main indexes rose on Monday after a week of largely upbeat earnings strengthened expectations of sustained profit growth for companies, while some high-flying growth stocks lagged a broader rally.
With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46% in the first quarter, compared with forecasts of 24% growth at the start of April, according to IBES data from Refinitiv. read more
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Wall Street kicks off month on strong footing, growth stocks lag
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Wall Street kicks off month on strong footing, growth stocks lag
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