The new date is Jul 19, 2022.
Despite inflationary pressures and fears of a recession, investors cheered another round of solid quarterly earnings results from corporate America.
The markets rallied after the better-than- expected earnings.
The S&P 500 gained 2% to 3,911, while the tech-laden Nasdaq gained 2.5% to 11,630.
Earnings for S&P 500 companies are expected to rise both in the current quarter and for the full-year, even though analysts have warned of a downturn.
The company slashed its full-year financial forecasts due to macroeconomic pressures after reporting strong quarterly earnings.
Tech company IBM and defense giant Lockheed Martin were both down after disappointing earnings results.
Almost 50 companies in the S&P 500 have reported second-quarter earnings so far, with roughly 90 of them beating analyst expectations.
This week of earnings is one of the most important of the year as it will set the stage for the next two quarters according to Nationwide chief of investment research Mark Hackett. A number of big companies report earnings this week, including the likes of United Airlines, Facebook, and more.
After a brief pause on Monday, the stock market is starting to pick up where it left off. Earnings reports this week have been mixed, and the market would probably be up regardless, he insists, adding that decent housing starts and building permits numbers are also helping to propel equity prices.
Despite strong earnings from Goldman and Bank of America, the markets fell on Monday, but recovered on Tuesday. Brian Overby is a senior markets strategist at Ally Invest. That could be a sign of a theme during the reporting period.
Despite strong earnings from Goldman and Bank of America, the DOW fell by 200 points.
Strong retail sales and mixed bank earnings led to a 600 point jump in the DOW.
The index fell after the inflation report added to fears of a recession.
Wall Street Firms Slash S&P 500 Price Targets.
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