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2021-04-26

Stocks open slightly higher as investors brace for a big earnings week

U.S. stocks traded slightly higher on Monday as investors braced for one of the busiest weeks of the

Stocks open slightly higher as investors brace for a big earnings week

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The Nasdaq Composite climbed 0.3%Tesla shares climbed more than 2% ahead of the electric carmaker's earnings report after the bell Monday.Investors aredue for a busy week aheadbetween a Federal Reserve meeting, the debut of President Joe Biden's \"American Families Plan,\" more inflation data and a torrent of corporate earnings reports.About a third of the S&amp;P 500 this week is set to update investors on how their businesses fared during the three months ended March 31. Some of the largest tech companies in the world are scheduled to report results this week, includingApple,Microsoft,AmazonandAlphabet.With the global economy gradually reopening, firms like&nbsp;Boeing,Fordand&nbsp;Caterpillar&nbsp;are expected to notecost pressures they are facingfrom rising materials and transportation prices.Corporations have for the most part managed to beat Wall Street's forecasts thus far into earnings season. With 25% of the companies in the S&amp;P 500 reporting first-quarter results, 84% have reported a positive per-share earnings surprise and 77% have topped revenue estimates.If 84% is the final percentage, it will tie the mark for the highest percentage of S&amp;P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.\"Growth is still improving and liquidity is still abundant,\" Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said in a note. \"The bull market remains intact, and I struggle to see the type of calamity that defined the summers of 2010, 2011, 2012 and 2015,\"But a harder, choppier, more range-bound summer does seem likely.\"Still, strong first-quarter results have been met with a mostly lukewarm reception from investors. Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders' enthusiasm in check. But indexes are within 1% of their all-time highs.Data out Monday showed new orders for capital goods rebounded less than expected in March. The Commerce Department said orders for non-defense capital goods excluding aircraft rose 0.9% last month, missing Dow Jones estimates of a 2.2% increase.Equity markets came under pressure last week after multiple outlets reported that Biden will seek toincrease the capital gains taxon wealthy Americans to help pay for the second part of his Build Back Better agenda. The president is expected to detail the $1.8 trillion plan, including spending proposals aimed at worker education and family support, to a joint session of Congress Wednesday evening.The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News.News that the White House may look to hike the capital gains tax on the nation's rich pushed the S&amp;P 500 down almost 1% on Thursday, when multiple outlets began reporting the proposed increase.Though the broad equity index managed to more thanrecoup those losses with a 1.1% reboundon Friday, it still ended the week down 0.13% and snapped a four-week win streak. The Dow and the Nasdaq fell 0.5% and 0.3% last week, respectively.Evercore ISI strategist Dennis DeBusschere told CNBC on Sunday that fears of a peak in economic growth and negative global Covid-19 news may have ended the S&amp;P 500's weekly win streak, but that creeping pessimism shouldn't last too much longer.\"A rapidly improving labor market, which will continue as US normalizes, is inconsistent with peak GDP fears and suggest the output gap will close quickly, putting upward pressure on inflation, bond yields and Cyclical asset prices,\" he wrote.The Fed, which meets on Tuesday and Wednesday, is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks open slightly higher as investors brace for a big earnings week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks open slightly higher as investors brace for a big earnings week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-04-26 21:32\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nU.S. stocks traded slightly higher on Monday as investors braced for one of the busiest weeks of the first-quarter earnings season.The Dow Jones Industrial Average rose 55 points, while the S&amp;P 500 inched 0.2% higher. The Nasdaq Composite climbed 0.3%Tesla shares climbed more than 2% ahead of the electric carmaker's earnings report after the bell Monday.Investors aredue for a busy week aheadbetween a Federal Reserve meeting, the debut of President Joe Biden's \"American Families Plan,\" more inflation data and a torrent of corporate earnings reports.About a third of the S&amp;P 500 this week is set to update investors on how their businesses fared during the three months ended March 31. Some of the largest tech companies in the world are scheduled to report results this week, includingApple,Microsoft,AmazonandAlphabet.With the global economy gradually reopening, firms like&nbsp;Boeing,Fordand&nbsp;Caterpillar&nbsp;are expected to notecost pressures they are facingfrom rising materials and transportation prices.Corporations have for the most part managed to beat Wall Street's forecasts thus far into earnings season. With 25% of the companies in the S&amp;P 500 reporting first-quarter results, 84% have reported a positive per-share earnings surprise and 77% have topped revenue estimates.If 84% is the final percentage, it will tie the mark for the highest percentage of S&amp;P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.\"Growth is still improving and liquidity is still abundant,\" Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said in a note. \"The bull market remains intact, and I struggle to see the type of calamity that defined the summers of 2010, 2011, 2012 and 2015,\"But a harder, choppier, more range-bound summer does seem likely.\"Still, strong first-quarter results have been met with a mostly lukewarm reception from investors. Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders' enthusiasm in check. But indexes are within 1% of their all-time highs.Data out Monday showed new orders for capital goods rebounded less than expected in March. The Commerce Department said orders for non-defense capital goods excluding aircraft rose 0.9% last month, missing Dow Jones estimates of a 2.2% increase.Equity markets came under pressure last week after multiple outlets reported that Biden will seek toincrease the capital gains taxon wealthy Americans to help pay for the second part of his Build Back Better agenda. The president is expected to detail the $1.8 trillion plan, including spending proposals aimed at worker education and family support, to a joint session of Congress Wednesday evening.The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News.News that the White House may look to hike the capital gains tax on the nation's rich pushed the S&amp;P 500 down almost 1% on Thursday, when multiple outlets began reporting the proposed increase.Though the broad equity index managed to more thanrecoup those losses with a 1.1% reboundon Friday, it still ended the week down 0.13% and snapped a four-week win streak. The Dow and the Nasdaq fell 0.5% and 0.3% last week, respectively.Evercore ISI strategist Dennis DeBusschere told CNBC on Sunday that fears of a peak in economic growth and negative global Covid-19 news may have ended the S&amp;P 500's weekly win streak, but that creeping pessimism shouldn't last too much longer.\"A rapidly improving labor market, which will continue as US normalizes, is inconsistent with peak GDP fears and suggest the output gap will close quickly, putting upward pressure on inflation, bond yields and Cyclical asset prices,\" he wrote.The Fed, which meets on Tuesday and Wednesday, is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/76824cd4c5b97eaacdaab63d96995a28","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410401","content_text":"U.S. stocks traded slightly higher on Monday as investors braced for one of the busiest weeks of the first-quarter earnings season.The Dow Jones Industrial Average rose 55 points, while the S&P 500 inched 0.2% higher. The Nasdaq Composite climbed 0.3%Tesla shares climbed more than 2% ahead of the electric carmaker's earnings report after the bell Monday.Investors aredue for a busy week aheadbetween a Federal Reserve meeting, the debut of President Joe Biden's \"American Families Plan,\" more inflation data and a torrent of corporate earnings reports.About a third of the S&P 500 this week is set to update investors on how their businesses fared during the three months ended March 31. Some of the largest tech companies in the world are scheduled to report results this week, includingApple,Microsoft,AmazonandAlphabet.With the global economy gradually reopening, firms like Boeing,Fordand Caterpillar are expected to notecost pressures they are facingfrom rising materials and transportation prices.Corporations have for the most part managed to beat Wall Street's forecasts thus far into earnings season. With 25% of the companies in the S&P 500 reporting first-quarter results, 84% have reported a positive per-share earnings surprise and 77% have topped revenue estimates.If 84% is the final percentage, it will tie the mark for the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.\"Growth is still improving and liquidity is still abundant,\" Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said in a note. \"The bull market remains intact, and I struggle to see the type of calamity that defined the summers of 2010, 2011, 2012 and 2015,\"But a harder, choppier, more range-bound summer does seem likely.\"Still, strong first-quarter results have been met with a mostly lukewarm reception from investors. Strategists say already-high valuations and near-record-high levels on the S&P 500 and Dow have kept traders' enthusiasm in check. But indexes are within 1% of their all-time highs.Data out Monday showed new orders for capital goods rebounded less than expected in March. The Commerce Department said orders for non-defense capital goods excluding aircraft rose 0.9% last month, missing Dow Jones estimates of a 2.2% increase.Equity markets came under pressure last week after multiple outlets reported that Biden will seek toincrease the capital gains taxon wealthy Americans to help pay for the second part of his Build Back Better agenda. The president is expected to detail the $1.8 trillion plan, including spending proposals aimed at worker education and family support, to a joint session of Congress Wednesday evening.The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News.News that the White House may look to hike the capital gains tax on the nation's rich pushed the S&P 500 down almost 1% on Thursday, when multiple outlets began reporting the proposed increase.Though the broad equity index managed to more thanrecoup those losses with a 1.1% reboundon Friday, it still ended the week down 0.13% and snapped a four-week win streak. The Dow and the Nasdaq fell 0.5% and 0.3% last week, respectively.Evercore ISI strategist Dennis DeBusschere told CNBC on Sunday that fears of a peak in economic growth and negative global Covid-19 news may have ended the S&P 500's weekly win streak, but that creeping pessimism shouldn't last too much longer.\"A rapidly improving labor market, which will continue as US normalizes, is inconsistent with peak GDP fears and suggest the output gap will close quickly, putting upward pressure on inflation, bond yields and Cyclical asset prices,\" he wrote.The Fed, which meets on Tuesday and Wednesday, is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}