This measure estimates Q1 GDP at a solid 2.8% — is that enough to juice stocks?
If the stock market needs a fresh catalyst after a lumbering ascent to near records, there’s one in the offing.
“The soft-landing scenario is playing out for the global economy and it is difficult at this point to see any risks on the horizon that are big enough to drag the U.S. into a recession,” wrote Torsten Sløk, chief economist at Deutsche Bank, in a Thursday research note. “US equities clearly like this outlook, as long as it comes with enough economic growth to deliver earnings growth in 2H 2019,” Colas wrote in a Friday research note, referring to the market’s belief that there won’t be a rate hike by the Fed over the several months.If Friday unveils a first-quarter GDP number that would put the U.S. on track to hit 2% to 2.5% growth this year, it could briefly silence near-term recessionary prognostications. Analysts polled by MarketWatch expect a more muted 1.
Room to rally? But it isn’t assured that a healthy first-quarter GDP can spark another run for records for the Dow Jones Industrial Average DJIA, +0.42% S&P 500 index SPX, +0.16% and the Nasdaq Composite Index COMP, +0.02% which all stand within shouting distance of all-time closing highs.LPL analysts said the stock market has already priced in 2 to 2.5% growth for the full year of 2019.
Since then, the 10-year yield has bounced back to finish at 2.56%, as of Thursday , more than 20 basis points from its March lows, and steepening the curve along the 3-month/10-year spread. Falling bond yields can sometimes reflect concerns about flagging economic expansion and diminished fears of higher inflation, while rising bond yields reflect expectations of an uptick in economic activity.
Corporate earnings Check out: Here are signs the ‘worst is behind us’ when it comes to global economic gloom
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Perspective | This charter school principal dresses for Wall Street, so his students know where to aimAt D.C.’s Eagle Academy, Max Lyttle says, success can be as simple as putting some routine in a child’s life.
Weiterlesen »
Health-care stocks keep getting hammered — Wall Street says this is whyFour of the Dow Jones Industrial Average’s 10 biggest losers on Wednesday were health companies, including UnitedHealth Group Inc., Merck & Co. , Pfizer...
Weiterlesen »
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Weiterlesen »
Wall Street edges higher on generally positive earningsU.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to...
Weiterlesen »
These stocks are 'undervalued,' Wall Street analysts sayCNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.
Weiterlesen »
With White House in their sights, Democrats challenge Wall StreetOn the campaign trail and in Congress, Democrats are challenging the titans of Wall Street, proclaiming a 'new day' as they seek to channel the anger of their party and voters that has raged since the financial crisis. CEOs of America's biggest banks were summoned for the first time since
Weiterlesen »
Wall Street flat as healthcare decline counters chip boostWall Street's main indexes were trading flat on Wednesday, as a Qualcomm-le...
Weiterlesen »
Wall Street and finance execs spread their donations across the 2020 Democratic fieldWall Street and finance executives placed their early 2020 bets on a variety of Democratic presidential candidates, from Pete Buttigieg to Kamala Harris, even as the contenders try to distance themselves from big money donors.
Weiterlesen »
Wall Street critic Waters rakes in corporate campaign moneyRep. Maxine Waters is embracing corporate campaign contributions as the new chairwoman of the House Financial Services Committee, even as other progressive Democrats have sworn off fundraising from businesses
Weiterlesen »
Major Wall Street firm worries about surprise Fed rate hike, says biggest market gains are overseasThe best investment opportunities may be thousands of miles away.
Weiterlesen »
Wall Street closes slightly higher, industrials leadIndustrials led the S&P 500 and the Dow moderately higher on Thursday after robu...
Weiterlesen »