👉 General Market Update: The Dow Jones Industrial Average raced to its best three-week stretch since November 2020, boosted by the prospect of a slower pace of interest rate increases and the latest batch of corporate earnings. Investors have been closely watching earnings for clues on how rising rates, a strong dollar, and high inflation are affecting company profits. Results for the third quarter have thus far been a mixed bag. U.S. banks helped boost markets earlier this week with better-than-expected results, but cracks are showing elsewhere. So far, the net profit margin of S&P 500 companies in the third quarter is set to decrease for the fifth consecutive period.
Market Commentary - EOW 42
Market Commentary - EOW 42
Market Commentary - EOW 42
👉 General Market Update: The Dow Jones Industrial Average raced to its best three-week stretch since November 2020, boosted by the prospect of a slower pace of interest rate increases and the latest batch of corporate earnings. Investors have been closely watching earnings for clues on how rising rates, a strong dollar, and high inflation are affecting company profits. Results for the third quarter have thus far been a mixed bag. U.S. banks helped boost markets earlier this week with better-than-expected results, but cracks are showing elsewhere. So far, the net profit margin of S&P 500 companies in the third quarter is set to decrease for the fifth consecutive period.