As S&P 500 continues to rise, Investors look to earnings to support record-high stock prices

By X-blogger - on October 7, 2024

USA 500 Daily Chart

A high-stakes corporate earnings season kicks into gear this week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs. The case for strong U.S. economic growth got a boost after labor market data came in far above expectations. The S&P 500 is up 20% year-to-date and stands near record highs

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