PRESS ROOM
Wall Street remains on the charge as analysts expect moderate increase in fourth quarter earnings
Friday 05th November '21
According to FactSet, analysts have increased earnings estimates for companies in the S&P 500 for the fourth quarter by 0.9% - the smallest increase in six quarters. In the meanwhile, US equities have maintained their positive momentum at the start of November with both the S&P 500 Index and NASDAQ Composite Index hitting new highs. Within the S&P 500 Index, consumer discretionary stocks have taken the lead among the sectors in the last one month with automobile companies like Tesla and Ford driving performance.