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Stock market dips ahead of corporate-earnings kickoff

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follow the latest news about stock market from different sites most famous technicals /Wallace Witkowski by 2017-01-10 at 2:21

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Stock market investors focus on banks as earnings season begins

Stock market investors focus on banks as earnings season begins*/

– Big banks kick off fourth-quarter earnings season in the coming week, but investors are more interested in their outlooks as the industry faces the prospect of a faster pace of interest rate increases and more deregulation.Stocks ended the week sharply higher as the Dow Jones Industrial Average DJIA, -0.38% advanced 1% for the week but came up just short of touching the 20,000 mark; while the S&P 500 index SPX, -0.35% finished up 1.7%, and the Nasdaq Composite Index COMP, +0.19% rallied 2.6%, both closing at fresh records on Friday.Since banks provided earnings growth in the third quarter—8% earnings growth for the sector compared with 3.1% S&P 500, according to FactSet data—investors are eager to see on how banks plan to remain a driver of the economy as well as the stock market.
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Stock market doom mongers are being fooled by a mirage

Stock market doom mongers are being fooled by a mirage*/

– One of the more popular measures of stock market value, the forward price/earnings (P/E) multiple, is so high that one closely-followed economist warned that buying stocks now would be like “picking up nickels in front of a steam roller.”Indeed, while stock prices (P) have surged, analysts’ published forecasts for earnings (E) have gone sideways.But that is far from the whole story.One narrative that’s been flying under the radar is how Donald Trump’s election is impacting the analysts’ forecasts for earnings.
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Stock market dips ahead of corporate-earnings kickoff

Stock market dips ahead of corporate-earnings kickoff*/

– Dow 20,000 seems elusive againView photosU.S. stocks edged lower Monday, with major indexes retreating from record levels as investors digested comments from Federal Reserve speakers and looked ahead to the start to of the corporate earnings.Equities have been strong performers of late, with the Dow up nearly 10% over the past three months.Most of those gains were the result of the presidential election in the U.S., with investors betting that the policies Donald Trump is expected to support will accelerate economic growth.
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