As Nvidia offers blowout results, Barclays says back the AI trade as it's not going away and that means tech dominance is here to stay.
The delayed September nonfarm payrolls are due this morning
Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 (SPX) at approximately the midpoint of the current quarter. The current projection for the S&P 500's earnings per share through the end of 2025 is $244.51, which would represent a 16.3% year-over-year gain over December 2024's finalized earnings of $210.17. Looking further forward through the end of 2026, Standard & Poor's projects the S&P 500's earnings will be $281.78 per share.
As the S&P 500 broke below the 50-day average for the first time in 139 sessions, MarketWatch looked back to find out what happened when the benchmark index broke below that technical level in the past.
The S&P 500 experienced a volatile Friday, which ultimately ended with the index posting a minor weekly gain of 0.1%. This marks the fourth weekly gain in the past five weeks.
As the technology sector has been sliding, the healthcare sector has surged
Bitcoin skids; the U.S. plans to eliminate tariffs on bananas and coffee on four Latin American countries
Goldman strategists expect the S&P 500 will see annualized gains of 6.5% in the next 10 years. But that's not exactly shooting for the moon.
UBS forecasts the S&P 500 to hit 7,500 next year, fueled by tech-led earnings growth and rising investor optimism around AI-driven gains.
European stocks rally, but Asian ones pare gains
Last week's decline can still be counted as (part of) an interim correction before the next rally takes the index to the anticipated 7120 level.
The first rule taught in investing/valuation classes is that “the stock market” is a discounting mechanism and is typically ahead of major market bottoms and tops. Using bottom-up quarterly S&P 500 estimates, investors know only in hindsight when S&P 500 earnings bottomed. It's a commonly held fact, given all the headlines, that S&P 500 earnings are quite robust today, given the “upside surprise” factor for both S&P 500 EPS and revenue at +10.3% and +2.3%, respectively.