Institution: Tech Company Earnings Report to Have More Impact on Stock Market Than Iran War
BlockBeats News, May 4th, a Morgan Stanley strategist stated that strong U.S. corporate earnings, especially in the thriving tech sector, have overshadowed concerns about the Middle East conflict possibly putting pressure on the stock market.
Michael Wilson's team wrote in a report that over the past month, earnings expectations for the S&P 500 Index have been revised upward in multiple time frames. Earnings expectations for the second quarter were raised by 2%, while full-year 2026 and the next 12 months' earnings expectations were increased by 3% and 4% respectively. (FX168)
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