A couple weeks ago I mentioned how even a little good news would get the market moving upward again, and last week’s positive corporate earnings report gave the market a lift we’ve all been watching for.
At the start of each new quarter companies report their earnings over the course of several weeks, referred to as earning season. The profits (or losses) a company realizes directly impacts their stock price and when you combine the results of many companies, it affects the stock market overall. Predictions were calling for a below average earnings season but thus far the companies reporting have beaten expectations and the stock market is rising in response.
Photograph by Adeolu Eletu
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