(Telestock) – Wall Street starts the week on the riseafter global stock markets last week recorded their worst week in recent months, even since March 2023 for US stock markets, especially due to the increased fears about slowing growth global economy and how this might impact central bank decisions.
Second Intesa San Paolowe wonder about the possible repercussions of an economic slowdown on corporate profits for which, at the moment, the consensus still estimates growth in the second half of the year both in the United States and in Europe. In the first case, EPS are expected to improve by 5.1% and 10.9% respectively in the 3rd and 4th quarter (Source Bloomberg), while in the Old Continent by 2.3% and 13.7% (Source FactSet).
Among the single titles, Boeing benefits from the agreement with its largest union to avoid a strike, while Summit Therapeutics has reported positive clinical trial data for its experimental lung cancer drug.
Eyes also on Palantir Technologies, DellTechnologies and Erie Indemnitywhich will replace respectively American Airlines Group, Etsy And Bio-Rad Laboratories in the’S&P 500.
Looking at the main indexes of Wall Street, the Dow Jones is up 0.46%; along the same lines, positive performance for theS&P-500which continues the day with an increase of 0.85% compared to the closing of the previous session. In money the Nasdaq 100 (+1.09%); as well as good performance by theS&P 100 (+0.95%).