The Nasdaq advanced, after the disappointing economic data appeared to make a case for monetary policy to stay on hold and interest rates to stay low, supporting tech and growth stocks. employers brought back just 266,000 jobs in April, whereas a gain of at least 1 million had been expected. economy remained 8.2 million payrolls […]
In April, the communication services and consumer discretionary sectors led gains in the S&P 500, returning to a leadership position after lagging earlier in 2021 amid a rotation into cyclical and “reopening” stocks. Still, a wave of stronger-than-expected earnings results from companies across industries helped fuel the latest move higher in the broader market, with […]
The vast majority of companies that have reported first-quarter results so far have handily exceeded estimates, with the vaccine-enabled recovery helping stoke demand across a wide variety of industries. Eighty-four percent of the S&P 500 companies that have reported first-quarter results to date posted a positive earnings per share surprise, according to data from FactSet. […]