PRESS ROOM
Healthy earnings drive US equities
Monday 28th October '19
US markets ended last week higher helped by the Q3 earnings season. About 40% of S&P 500 companies have reported to date with 82% beating earnings expectations by an average of 4.4% and 64% beating on sales. The technology sector led by the Nasdaq Index outperformed the broader market, while small cap market led by the Russell 2000 Index outpaced the S&P 500 Index (which is dominated by large cap stocks).