Today at 11:21 AM
S&P 500 rise ahead of Big Tech earnings
The S&P 500 Index is rising as investors await a wave of quarterly reports from major technology companies.
Defensive market segments, including health care and consumer staples, showed a rising trend in demand on the broader trading platform, with the latter helped by a jump of nearly 7% in HCA (NYSE:HCA) shares. Sentiments for health care stocks showed a positive trend as investors assess sectors that may be less vulnerable to the risk of slower economic growth and higher interest rates.
Goldman Sachs said in a note that their recommendations for excessive economic loads (health care, power industry, telecommunications, consumer goods) are generally defensive and reflect significant earnings and valuation risks in an environment of higher inflation and interest rates.
Recommended
US stock indexes edge higher on Monday — Reuters
Today at 9:21 AM
RBC raises its year-end forecast for S&P 500 to 6,250 points
Yesterday at 11:03 AM
Yesterday at 6:49 AM
S&P 500 rose last week ahead of earnings season amid economic data watch — Reuters
Yesterday at 6:48 AM
11 July
Top news
Today at 10:43 AM
Today at 10:20 AM
Today at 9:58 AM
Today at 9:44 AM