PRESS ROOM
Wall Street hits new highs on strong earnings
Friday 29th October '21
US equities have hit new record highs making strong gains in October after a disappointing month in September. According to FactSet (as of 25 October), S&P 500 companies with a more global exposure, i.e., more than 50% revenue from outside the US, have performed even better in the latest earnings season so far than companies with a more domestic focus, i.e., more than 50% revenue from within the US. Energy sector companies continue to deliver strong results while automobile manufacturers, notably Tesla, have leapt up in the last month.