Why this corporate earnings season is going better than feared
Solid results calm markets as 81% of S&P 500 companies beat analysts’ estimates
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Solid results calm markets as 81% of S&P 500 companies beat analysts’ estimates
The fallout from Silicon Valley Bank's collapse has spurred mixed narratives as to where policy and markets are headed.
While investors have flocked to tech in the market shakeup amid recent banking turmoil, the rotation is at odds with analyst calls for the steepest drop in quarterly profits for the sector since at least 2006.
Analysts estimate US tech earnings plunged 15 per cent in the three months through March, with companies hit by high costs and slowing demand.
By Stephen Culp NEW YORK (Reuters) - Wall Street oscillated on Friday and Treasury yields advanced as investors digested a flurry of economic data ahead of the long Christmas holiday weekend, capping a week fraught