{"id":717,"date":"2023-02-13T14:02:51","date_gmt":"2023-02-13T19:02:51","guid":{"rendered":"https:\/\/embarrdowns.com\/strong-rally-continues-for-u-s-stock-market-63-of-companies-beat-earnings-estimates\/"},"modified":"2023-02-13T14:02:52","modified_gmt":"2023-02-13T19:02:52","slug":"strong-rally-continues-for-u-s-stock-market-63-of-companies-beat-earnings-estimates","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/strong-rally-continues-for-u-s-stock-market-63-of-companies-beat-earnings-estimates\/","title":{"rendered":"Strong Rally Continues for U.S. Stock Market & 63% of Companies Beat Earnings Estimates"},"content":{"rendered":"

The U.S. stock market continued its rally this week, with the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) advancing 0.2% and 0.9%, respectively. The tech-heavy Nasdaq Composite (^IXIC) fared the worst, losing 1.0%.[0]<\/a><\/sup> This follows a mixed week of market performance, with the Dow Jones Industrial Average (DJIA) edging down 0.2%, the S&P 500 (SPX) falling 1.1%, and the tech-heavy Nasdaq Composite (^IXIC) losing 2.4%.<\/p>\n

Treasury yields also rose this week, with the 10-year Treasury yield (US10Y) increasing 6 basis points to 3.75% and the 2-year yield (US2Y) increasing 2 basis points to 4.53%. The 10-year Treasury’s yield increased by five basis points, bringing it to 3.68%.<\/p>\n

The U.S. stock market opened the day modestly higher following positive earnings reports and a decline in bond yields. Stock futures were pointed mostly higher, with the Dow Jones Industrial Average (DJIA) slightly below breakeven and the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures pointed firmly higher.<\/p>\n

West Texas Intermediate crude oil rose 1.35% to $74.38 per barrel and Brent crude, the international benchmark, tacked on 1.63% to hit $81.24.[1]<\/a><\/sup><\/p>\n

Thus far, 63% of the constituents of the S&P 500 index have reported their fourth-quarter earnings.[2]<\/a><\/sup> Data from FactSet reveals that 69.5% of those companies have exceeded analyst predictions.[3]<\/a><\/sup> Data from The Earnings Scout shows that the beat rate is under the three-year average of 79%.[3]<\/a><\/sup><\/p>\n

Top stocks to buy and watch include Visteon (VC), Etsy (ETSY), Wingstop (WING), Caterpillar (CAT), and JPMorgan Chase (JPM).[4]<\/a><\/sup> Investors should also keep an eye on top growth stocks including Tesla (TSLA) and Apple (AAPL).<\/p>\n

Subscribe to stay up to date with the latest market news and trends.<\/p>\n

0. <\/span>“Nasdaq, S&P, Dow look for direction, set to end lower for the week on Fed concerns” Seeking Alpha, 10 Feb. 2023, https:\/\/seekingalpha.com\/news\/3934862-nasdaq-sp500-dow-jones-stock-market-fed-earnings<\/a><\/a><\/p>\n

1. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Rising interest rates help spoil early gains” Markets Insider, 9 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-rising-interest-rates-highest-level-november-2023-2<\/a><\/a><\/p>\n

3. <\/span>“Dow closes nearly 250 points lower, Nasdaq sheds 1% as Alphabet shares slide: Live updates” CNBC, 9 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/08\/stock-market-futures-open-to-close-news.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Rallies 250 Points After Jobless Claims; Tesla Stock Doubles From Lows” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-rise-ahead-of-jobless-claims-disney-surges-on-earnings\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. stock market continued its rally this week, with the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) advancing 0.2% and 0.9%, respectively. The tech-heavy Nasdaq Composite (^IXIC) fared the worst, losing 1.0%.[0]<\/a><\/sup> This follows a mixed week of market performance, with the Dow Jones Industrial Average (DJIA) edging down 0.2%, the S&P 500 (SPX) falling 1.1%, and the tech-heavy Nasdaq Composite (^IXIC) losing 2.4%.<\/p>\n

Treasury yields also rose this week, with the 10-year Treasury yield (US10Y) increasing 6 basis points to 3.75% and the 2-year yield (US2Y) increasing 2 basis points to 4.53%. The 10-year Treasury’s yield increased by five basis points, bringing it to 3.68%.<\/p>\n

The U.S. stock market opened the day modestly higher following positive earnings reports and a decline in bond yields. Stock futures were pointed mostly higher, with the Dow Jones Industrial Average (DJIA) slightly below breakeven and the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures pointed firmly higher.<\/p>\n

West Texas Intermediate crude oil rose 1.35% to $74.38 per barrel and Brent crude, the international benchmark, tacked on 1.63% to hit $81.24.[1]<\/a><\/sup><\/p>\n

Thus far, 63% of the constituents of the S&P 500 index have reported their fourth-quarter earnings.[2]<\/a><\/sup> Data from FactSet reveals that 69.5% of those companies have exceeded analyst predictions.[3]<\/a><\/sup> Data from The Earnings Scout shows that the beat rate is under the three-year average of 79%.[3]<\/a><\/sup><\/p>\n

Top stocks to buy and watch include Visteon (VC), Etsy (ETSY), Wingstop (WING), Caterpillar (CAT), and JPMorgan Chase (JPM).[4]<\/a><\/sup> Investors should also keep an eye on top growth stocks including Tesla (TSLA) and Apple (AAPL).<\/p>\n

Subscribe to stay up to date with the latest market news and trends.<\/p>\n

0. <\/span>“Nasdaq, S&P, Dow look for direction, set to end lower for the week on Fed concerns” Seeking Alpha, 10 Feb. 2023, https:\/\/seekingalpha.com\/news\/3934862-nasdaq-sp500-dow-jones-stock-market-fed-earnings<\/a><\/a><\/p>\n

1. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Rising interest rates help spoil early gains” Markets Insider, 9 Feb. 2023, https:\/\/markets.businessinsider.com\/news\/stocks\/stock-market-news-today-rising-interest-rates-highest-level-november-2023-2<\/a><\/a><\/p>\n

3. <\/span>“Dow closes nearly 250 points lower, Nasdaq sheds 1% as Alphabet shares slide: Live updates” CNBC, 9 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/08\/stock-market-futures-open-to-close-news.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Rallies 250 Points After Jobless Claims; Tesla Stock Doubles From Lows” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-rise-ahead-of-jobless-claims-disney-surges-on-earnings\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":716,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/717"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=717"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/716"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}