LIVE MARKETS — US earnings forecast barely changes, but big week ahead
Dow dips, S&P 500 down ~1%, Nasdaq down ~2%; VIX hits highest since mid-June Communication services, tech weakest S&P 500 sectors; energy leads gainers Dollar, gold, bitcoin decline; US crude gains ~3% US 10-year Treasury yield edges up to ~5.10% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at Us Earnings Forecast Barely Changes, But Big Week Ahead Expectations for third-quarter earnings growth from S&P 500 companies barely budged in the latest week, according to LSEG data Friday, although the season picks up the pace next week, with reports from key companies including Meta Platforms and Netflix as well as chip companies. Earnings for S&P 500 companies are now expected to have increased 30.7% in the third quarter, up from 30.6% the week before, the data showed. The reporting period kicked off this week, with results from major banks including Goldman Sachs and JPMorgan having mostly a flat to weak reaction in the market. But coming up, Meta is due to report after the bell on Wednesday, while Netflix is due on Tuesday. But eyes are likely to also be on reports from semiconductor companies including La
Dow dips, S&P 500 down ~1%, Nasdaq down ~2%; VIX hits highest since mid-June Communication services, tech weakest S&P 500 sectors; energy leads gainers Dollar, gold, bitcoin decline; US crude gains ~3% US 10-year Treasury yield edges up to ~5.10% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
You can share your thoughts with us at Us Earnings Forecast Barely Changes, But Big Week Ahead Expectations for third-quarter earnings growth from S&P 500 companies barely budged in the latest week, according to LSEG data Friday, although the season picks up the pace next week, with reports from key companies including Meta Platforms and Netflix as well as chip companies. Earnings for S&P 500 companies are now expected to have increased 30.7% in the third quarter, up from 30.6% the week before, the data showed. The reporting period kicked off this week, with results from major banks including Goldman Sachs and JPMorgan having mostly a flat to weak reaction in the market.
But coming up, Meta is due to report after the bell on Wednesday, while Netflix is due on Tuesday. But eyes are likely to also be on reports from semiconductor companies including Lam Research and Texas Instruments, also expected next week. Their results follow recent sharp declines in chip stocks, with an index of semiconductors down 2.6% on Friday and on track to fall more than 10% this week, which would be its biggest weekly percentage decline since late March 2025.
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