This week’s earnings season kickoff provides the market with the next test as investors consider whether US stocks can sustain their recent rally.
Analysts expect companies in the S&P 500 to report two consecutive quarterly earnings declines. First-quarter earnings are expected to fall 6.8% from the same period last year, according to FactSet. This would mark the steepest decline in earnings since his second quarter of 2020, when the outbreak of the Covid-19 pandemic slashed his earnings by 32%.
https://www.wsj.com/articles/investors-view-corporate-earnings-season-as-next-test-for-stocks-9d9a1775?mod=pls_whats_news_us_business_f Investors see corporate earnings season as the next test for stocks