The U.S. stock market’s upcoming earnings season should be “solid,” but expecting growth estimates over the next couple months to increase for the second half of 2024 seems “a lot to ask,” according to LPL Financial.
The U.S. stock market just scored a gangbusters first half of the year. If history is a guide, Wall street could be in for another robust six months, according to Comerica Wealth Management.
Oil futures settled with a loss on Tuesday, with prices giving up early gains as concerns that powerful Hurricane Beryl could cause disruptions to offshore crude production in the Gulf of Mexico eased, for now.
Yields on U.S. government debt finished lower on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. might be back on a disinflationary path, but that officials need greater confidence before they can lower interest rates.