With stocks hovering near records despite Friday’s sell-off and banks set to kick off earnings season next week, Wall Street is looking for follow-through from what’s been a stellar AI-driven year.
The S&P 500 (^GSPC) has rallied more than 30%, or about 1,800 points, since the April lows, while the Nasdaq Composite is up roughly 50% over the same period in what has turned out to be a stunning six-month rally.
Wall Street expects S&P 500 third quarter earnings to rise 8% from the…
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https://finance.yahoo.com/news/companies-keep-crushing-their-earnings-why-wall-street-expects-ai-to-power-stocks-higher-140054799.html
