US Stock market prediction: Will Wall Street perform in green on Monday?
's strength will be tested as earnings season heats up. Momentum for the industrials sector and the broader market will be in focus with a heavy upcoming week of second-quarter earnings, which includes reports from more than one-fifth of the S&P 500, led by Alphabet and Tesla, the first of the "Magnificent Seven" megacap tech and growth companies to report.
The S&P 500 has surged 26 per cent since April, as investors shook off fears about a recession which had stemmed from President Donald Trump's "Liberation Day" tariff announcement.
Explore courses from Top Institutes in
Select a Course Category
Data Science
Data Science
Product Management
Operations Management
others
Design Thinking
CXO
Finance
Technology
Artificial Intelligence
MBA
Project Management
MCA
Healthcare
Data Analytics
Cybersecurity
PGDM
healthcare
Degree
Digital Marketing
Management
Leadership
Public Policy
Others
Skills you'll gain:
Strategic Data-Analysis, including Data Mining & Preparation
Predictive Modeling & Advanced Clustering Techniques
Machine Learning Concepts & Regression Analysis
Cutting-edge applications of AI, like NLP & Generative AI
Duration:
8 Months
IIM Kozhikode
Professional Certificate in Data Science and Artificial Intelligence
Starts on
Jun 26, 2024
Get Details
Skills you'll gain:
Data Analysis & Interpretation
Programming Proficiency
Problem-Solving Skills
Machine Learning & Artificial Intelligence
Duration:
24 Months
Vellore Institute of Technology
VIT MSc in Data Science
Starts on
Aug 14, 2024
Get Details
This earnings season "seems to be especially important because of the rebound that the market has had," said Chuck Carlson, chief executive officer at Horizon Investment Services. "I would think that that has built in a fair amount of optimism in terms of earnings."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The Dark Truth Nobody Talks About
Youtube
Undo
A number of industrials will be in the earnings spotlight as well.
Aerospace and defense stocks have boosted the sector's performance this year, driven by heightened geopolitical tensions in the Middle East and Ukraine and fresh spending commitments by Germany and other nations.
Live Events
The S&P 500 aerospace and defense industry group has surged 30 per cent this year. Defense companies to report in the coming week include RTX, Lockheed Martin and General Dynamics.
GE Aerospace, whose shares have soared about 55 per cent this year, raised its 2025 profit forecast on Thursday.
Another industrial company spun off from legacy General Electric last year, GE Vernova, has seen its shares skyrocket over 70% this year, making it the best-performing industrial sector stock. The power equipment maker's results are due Wednesday.
The push for reshoring infrastructure and expansion of artificial intelligence, which has lifted demand for cooling systems and factory automation, are two themes that have supported a number of stocks in the industry, including Eaton and Rockwell Automation, said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.
Another stock that has supported the industrial sector this year: Ride-hailing giant Uber, whose shares are up roughly 50 per cent.
"Unlike many non-Tech groups, there are a lot of solid stories here that don't rely on macro forces to deliver solid forward returns," Nicholas Colas, co-founder of DataTrek Research, said in a note on Wednesday. Large cap industrials still look attractive despite the group's recent run, Colas said.
Indeed, while industrials have been viewed historically as closely tied to the fortunes of the economy, declines for a number of growth-cycle-linked stocks have weighed on the sector's performance.
Shares of package delivery firms UPS and FedEx have posted sharp declines, while airlines including United Airlines and trucking companies such as JB Hunt Transport Services are also negative for the year.
"There are economically sensitive (areas) within industrials that are not doing well," said Walter Todd, chief investment officer at Greenwood Capital.
Other industrial companies slated to report in the coming week are
Honeywell
, Union Pacific and United Rentals.
Beyond earnings,
Wall Street
will continue to focus on any developments on trade ahead of August 1, when higher U.S. tariffs on numerous trading partners are set to take effect.
Investors will also be sensitive to news on the Federal Reserve, with Fed Chair Jerome Powell facing fresh pressure from Trump to resign as the president presses the central bank to lower interest rates. The Fed's next monetary policy meeting is July 29-30.
The S&P 500 has climbed about 7 per cent so far this year.
FAQs
Q1. What are key indexes of US Stock Market?
A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and
Nasdaq
.
Q2. How has S&P 500 performed?
A2. The S&P 500 has climbed about 7 per cent so far this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
11 minutes ago
- Hans India
India, Russia vow to enhance defence ties
Moscow: Russia's Deputy Defence Minister Colonel General Aleksandr Fomin on Wednesday held a meeting with Vinay Kumar, India's Ambassador to Russia, as both sides discussed ways to further intensify the multifaceted India-Russia Special Privileged Strategic Partnership. 'During the talks, the sides discussed topical issues of bilateral cooperation in the defence sphere, confirmed the focus on further strengthening the specialised cooperation in the form of a particularly privileged strategic partnership,' read a statement issued by the Russian Defence Ministry. 'The meeting took place in a warm and friendly atmosphere, which is traditional for the Russian-Indian relations,' it added. India has a longstanding and wide-ranging cooperation with Russia in the field of defence, which is guided by the India-Russia Inter-Governmental Commission on Military and Military Technical Cooperation (IRIGC-MMTC) headed by the Defence Ministers of both countries. As time-tested partners, both countries have been involved in several bilateral projects, including the supply of S-400, licensed production of T-90 tanks and Su-30 MKI, supply of MiG-29 and Kamov helicopters, INS Vikramaditya (formerly Admiral Gorshkov), production of AK-203 rifles in India and BrahMos missiles. New Delhi and Moscow acknowledge that the military technical cooperation has evolved over time from a buyer-seller framework to one involving joint research and development, co-development and joint production of advanced defence technology and systems. As the Indian Armed Forces successfully retaliated and also inflicted significant losses on Pakistan during the decisive Operation Sindoor in May this year, the S-400 air defence system was credited with shooting down several incoming missiles from across the border. Considering the strategic planning and military preparedness, New Delhi is set to procure more S-400 air defence systems soon. Meanwhile, National Security Advisor (NSA) Ajit Doval is also in Moscow, holding meetings with senior Russian officials to discuss India-Russia defence and security cooperation.
Time of India
11 minutes ago
- Time of India
Markets rise as Trump chip exemptions boost tech giants
Academy Empower your mind, elevate your skills Asian equities rose Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100% tariff on advances built on a strong lead from Wall Street and extended the previous day's rally fuelled by hopes the Federal Reserve will cut interest rates next month.A day before sweeping tariffs were due to come into effect on dozens of countries, the president said: "we're going to be putting a very large tariff on chips and semiconductors".He added that the level would be "100%" but did not offer a he said "the good news for companies like Apple is, if you're building in the United States, or have committed to build... in the United States, there will be no charge".Stock gains were led by Taiwan's giant TSMC, which surged almost five percent in early trade, with the island's National Development Council chief Liu Chin-ching saying the firm was in the clear."Because Taiwan's main exporter is TSMC, which has factories in the United States, TSMC is exempt," he told a briefing in which is ramping up manufacturing in Arizona, has pledged to invest as much as $165 billion in the United States, which the firm said in March was the "largest single foreign direct investment in US history".Seoul-listed Samsung, which is also pumping billions into the world's number one economy, rose more than two% while South Korean rival SK hynix was also firms were also helped after the US giant said it will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four and Pegatron both rose in Tokyo Electron and Renesas both retreated in Japanese trade."To some degree this outcome would be something of a relief," said Morgan Stanley analysts."Yes, 100% tariffs are unpalatable but if companies are given time to restore them, the real tax is just the higher cost of building chips in the United States."Trump's remarks came hours before his wide-ranging "reciprocal" tariffs are set to kick in against trading partners, and after he doubled his levy on India to 50% over its purchase of Russian tolls on Brazilian goods came into place Wednesday, with significant exemptions, after Trump targeted Latin America's biggest economy over its prosecution of former president Jair are keeping tabs on talks between the White House and New Delhi, as well as other countries including Switzerland, which was this week hammered with a 39% markets extended their recent run-up and have regained much of last week's losses sparked by the president's tariff announcements and weak US jobs Hong Kong, Shanghai, Singapore, Seoul and Wellington were all in the green, with Taipei leading the way thanks to the surge in gains followed a strong day on Wall Street, where Apple jumped more than five% and Amazon piled on four%.Traders had already been on a buying streak as they grew optimistic that the Fed will cut rates after data last week showing US jobs creation cratered in May, June and July, signalling the economy was weakening. US futures rose prices rose after Trump threatened penalties on other countries that "directly or indirectly" import Russian oil, after imposing his extra toll on traders are keeping tabs on developments regarding Moscow and its war in Ukraine after the US president said he could meet with Vladimir Putin "very soon" following what he called highly productive talks between his special envoy and the Russian leader.
Time of India
11 minutes ago
- Time of India
Gokaldas Exports, KPR Mill, other textile stocks in focus after Trump hikes tariff on India to 50%
Tired of too many ads? Remove Ads Sectors impacted Tired of too many ads? Remove Ads Popular in Markets India responds sharply Shares of Indian textile exporters, including Gokaldas Exports KPR Mill , and Welspun Living , may come under pressure on Thursday, August 7, after US President Donald Trump signed an executive order doubling tariffs on Indian goods to 50%.The revised tariff structure will be implemented in two phases: the first 25% hike takes effect from tonight (Eastern Time), while the additional 25% levy will come into force 21 days after the order's move widens the gap between India and competing nations such as Bangladesh, Vietnam, and Pakistan in the textile export market. Bangladesh's tariff rate has been reduced to 20% from 35%, while Pakistan, following a recent trade agreement with the US, will now pay 19% instead of 29%. Vietnam has also concluded a deal to lower its tariff rate to 20%.Beyond textiles and apparel, the increased tariffs will also affect exports of gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical certain product categories are exempt from the hike. These include pharmaceutical goods, energy resources (such as crude oil, refined fuels, natural gas, coal, and electricity), critical minerals, and electronic components like smartphones, computers, tablets, SSDs, flat-panel displays, and integrated Jain, Secretary General of the Indian Pharmaceutical Alliance, welcomed the exemption for pharma, noting that generic medicines from India remain vital to affordable healthcare in the to the White House, the tariff hike is driven by national security and foreign policy considerations. President Trump cited India's continued imports of Russian oil—directly or indirectly—as posing an "unusual and extraordinary threat" to the United States. The 50% tariff will apply to all Indian goods imported into the US, excluding those already in transit or falling under specific Ministry of External Affairs (MEA) condemned the move, calling it "unfair, unjustified and unreasonable." In an official statement, the MEA said, 'The United States has in recent days targeted India's oil imports from Russia. We have already made clear our position, including the fact that our imports are based on market factors and aimed at ensuring energy security for 1.4 billion people.''It is extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest. India will take all actions necessary to protect its national interests,' the statement added.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
