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Once Again, Earnings Transcend Tariff Talks and Fed Fears

Once Again, Earnings Transcend Tariff Talks and Fed Fears

Epoch Times14 hours ago
Despite many unresolved tariff treaties and the Fed's foot-dragging on interest rate cuts, the S&P 500 and Russell 2000 gained 2.4% last week, while NASDAQ rose nearly 4%. That's mainly because the current (second quarter) earnings announcement season is 'coming in hot,' as Axon Enterprise (AXON), Kinross Gold (KGC), Paymentus Holdings (PAY) and Palantir Technologies (PLTR) posted better-than-expected sales and earnings last week, while also raising guidance. Then, Niagen Bioscience (NAGE) joined the earnings announcement party after posting a 10% sales surprise and a massive 300% earnings surprise.
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