economy
Earnings poised to stoke confidence in a stock market that has rebounded to all-time highs. Here's what's ahead
The fast-moving developments on the warfront add to confidence in many parts of the Street that the bottom is in for equities.
TL;DR
- The S&P 500 and Nasdaq Composite reached all-time highs, with the S&P 500 breaching 7,100 for the first time.
- Hopes for an end to the U.S.-Iran war and President Trump's positive comments on peace talks are boosting market confidence.
- Oil prices have fallen significantly, with West Texas Intermediate Crude trading around $80 a barrel.
- First-quarter earnings season is expected to confirm bullish views, with the S&P 500 projected to post 12.5% growth.
- Some analysts caution that the market may be too complacent about macroeconomic risks if the U.S.-Iran war prolongs.
- Key economic data and earnings reports are scheduled for the upcoming week, including from major companies like Tesla, Boeing, and Lockheed Martin.