Stock Futures Rise Ahead of Inflation Data
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Stock Market Rallies To Highs But Huge Earnings, Fed Meeting, Trump-Xi Ahead
The stock market rally had a strong week, with the Dow Jones, S&P 500 and Nasdaq composite hitting record highs Friday. Leading stocks rebounded powerfully after coming under strain. Now get ready for a huge week of news.
The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day policy meeting.
The current consensus predicts earnings of $1.22 per share on revenue of $5.23 billion. This is in comparison to figures from a year ago of $1.28 per
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $124,300 or around 10,000 shares. For a more modest $100 per month or $1,200 per year, you would need $24,860 or around 2,000 shares.
Following the news, SLMT shares jumped 46% during early U.S. market hours on Oct. 23, outperforming crypto stocks such as Circle (NASDAQ: CRCL) and Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN). At the time of writing, the stock traded around $12.44. At the time of writing, SLMT was trading at $12.44.
Nevertheless, profit margins may experience slight pressure due to escalating energy, labor, and input expenses, alongside persistent inflation in mining