By Steve Goldstein
timothy a. clary/Agence France-Presse/Getty Images
Earnings season kicks off in earnest on Wednesday with reports from some of the largest banks in the U.S.
Besides looking at earnings per share, revenue and forward guidance, investors might just want to check out weather reports.
That is the conclusion of a research paper, which finds that weather conditions near a company’s major institutional investors affect stock market reaction to that news.
Researchers led by Danling Jiang, a professor at Stony Brook University, say unpleasant weather may trigger physiological and psychological reactions in these investors, which leads to delayed information processing, resulting in more sluggish price reactions to earnings announcements. They examined weather in the two weeks before earnings announcements, for a company’s top 10 largest institutional investors.
U S Stocks Edge Higher After S&P 500 Hits Record
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
88 Years Ago Today, FDR Banned Gold Will A Bitcoin Ban Be Next?
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
The notion of “Auditing the Fed has been around for awhile. Technically, the Federal Reserve is audited. On Tuesday, with little to no fanfare nor media coverage, there was a press release announcing the completion of the 2020 Audited Financial Statements. Digging deeper, each of the 12.
The notion of “Auditing the Fed has been around for awhile. Technically, the Federal Reserve is audited. On Tuesday, with little to no fanfare nor media coverage, there was a press release announcing the completion of the 2020 Audited Financial Statements. Digging deeper, each of the 12 Reserve Banks received their own independent audit. But the most important one is the “Combined Federal Reserve Banks financial statement; a consolidated statement of the entire Federal Reserve System.
S&P 500 Surges Past Record 4,000 on Growth Outlook: Markets Wrap
Bloomberg 5 days ago Olivia Raimonde and Kamaron Leach
(Bloomberg) U.S. stocks climbed to a record high on the first day of the second quarter as increased stimulus in the world’s largest economy fueled optimism about the global recovery.
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The benchmark S&P 500 Index closed above 4,000 for the first time as investors weighed President Joe Biden’s newly unveiled $2.25 trillion spending plan ahead of Friday’s U.S. employment report, which is expected to show the quickest pace of hiring in five months. Technology shares led the gains, though value stocks also joined in on the rally. Treasuries rebounded after the worst quarter in decades. Oil climbed after the OPEC+ alliance agreed to increase production gradually over the next three months.