US stocks hit record highs ahead of earnings season
The S&P 500 reached a new record high on Tuesday, mirroring the Nasdaq, as Wall Street anticipates the start of the US third-quarter earnings season.
As the US third-quarter earnings season is set to begin, the S&P 500 joined the Nasdaq in reaching a new record high on Tuesday, its first in about six weeks. Consensus forecasts call for another AI-led blockbuster increase in profits in the July-September period, with LSEG data showing the outlook for the S&P 500.