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Strong Quarterly Results Drive US Stock Market Gains Despite Economic Slowdown /
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2024-05-16 15:05:25

Strong Quarterly Results Drive US Stock Market Gains Despite Economic Slowdown on Nostr: Strong Quarterly Results Drive US Stock Market Gains Despite Economic Slowdown ...

Strong Quarterly Results Drive US Stock Market Gains Despite Economic Slowdown
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#8e73873c ver:0.39

Strong corporate earnings drive US stock market gains in Q1 2024, despite economic slowdown. S&P 500 records best Q1 performance in 5 years, up 10.2%. Cost-cutting measures in big tech companies contribute to 5% growth in Q1 earnings per share. Positive trend in corporate earnings could continue to drive stocks higher. 92% of S&P 500 companies report strong Q1 earnings, with 78% beating EPS estimates. YoY EPS growth estimates for Q2 increase to 9.6%. Investor sentiment slightly declines, but remains in 'Greed' zone. Concerns about economy and Fed's actions persist. #StockMarket #Earnings #Investing...

#newstr #UsStockMarkets #Q1Performance #InvestorSentiment #S&p500 #DowJonesIndustrialAverage #MscIndustrialDirectCo #WalgreensBootsAllianceInc #UsEconomy #JoblessClaims #UniversityOfMichiganConsumerSentimentIndex

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