Episode Details
Back to EpisodesUS Stocks Surge, Fueled by Corporate Profits
Description
U.S. stocks continue their upward trend, with the S&P 500 reaching a new peak and the Nasdaq breaking the 24,000 mark. This surge is driven by corporate profits beating expectations, with companies like PepsiCo, J.B. Hunt, Marsh and McLennan, and Taiwan Semiconductor posting strong results. However, not all stocks are rallying, with Abbott and Allbirds experiencing drops. Treasury yields have risen slightly due to fewer jobless claims and optimism around the peace deal. Global markets are also up, with Europe and Asias heavy hitters seeing gains.
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