SPX company earnings report reveals increasing economic uncertainty🤔
In terms of the stock market, according to Goldman Sachs data, 49% of SPX companies have announced third-quarter financial reports, including 4 technology giants; although the revenue and EPS of most companies are better than market expectations as in previous quarters, due to interest rates Rising demand, weaker consumption trends, and uncertainty about the macro and political environment in 2024 have led corporate management to lower their future profit guidance; in addition, compared with the past few quarters, investor expectations have also risen accordingly, with only earnings/operating A higher-than-expected closing is no longer enough to guarantee a strong share price performance that day.