US stocks trade mixed as investors prepare for first-quarter earnings results
Wall Street analysts have been pessimistic about the quarter's results, with earnings estimates falling by much more than usual, according to DataTrek Research. Analysts have lowered their Q1That 6.3% decline is more than typical, suggesting elevated interest rates and a recent banking crisis are weighing on sentiment and could ultimately dent company results.
"Analysts always cut numbers as the quarter progresses but not, on average, by as much as we've just seen," DataTrek Research co-founder Nicholas Colas said in a Tuesday note.Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Tuesday:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors who think recession fears are overblown should buy this lending stock, JPMorgan saysJPMorgan said the stock is a way to express that 'the recession for which investors have been bracing for well over a year, will be milder than feared.'
Read more »
Wells Fargo says investors should expect a 10% stock market correction soon'We are within spitting distance of our 4200 [S&P 500] target and now shifting direction,' wrote Christopher Harvey.
Read more »
First Republic dips after cutting preferred stock dividend and delaying Q1 resultsFirst Republic Bank undefined dipped 1.5% in premarket trades after it said in a filing that it would stop paying dividends on its preferred stock as a...
Read more »
Stock Pickers Failed to Take Part in First-Quarter RallyOnly one in three actively managed large-cap mutual funds beat their benchmarks in the first three months of the year
Read more »
Rare bullish stock market indicator flashes for first time since 2019An incredibly rare bullish stock market indicator just flashed for the first time since 2019
Read more »
EUR/USD drops below 1.0900 as investors turn cautious ahead of US InflationThe EUR/USD pair has surrendered the round-level support of 1.0900 in the Asian session. The major currency pair has attracted significant offers as i
Read more »