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HENGLM003
2022-04-20
Ok
Singapore Stock Market May Extend Tuesday's Gains
HENGLM003
2022-04-20
Nice
US STOCKS-Wall Street Ends Higher as Earnings Optimism Outshines Rising Yields
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The Straits Times Index now rests just above the 3,305-point plateau and it's expected to open in the green again on Wednesday.</p><p>The global forecast for the Asian markets is upbeat on continued optimism for earnings. The European markets were down and the U.S. bourses were up and now tech shares are expected to lead the Asian markets higher.</p><p>The STI finished slightly higher on Tuesday following missed performances from the financial shares, property stocks and industrials.</p><p>For the day, the index perked 4.06 points or 0.12 percent to finish at 3,307.13 after trading between 3,307.13 and 3,344.66. Volume was 2 billion shares worth 1.2 billion Singapore dollars. There were 244 decliners and 211 gainers.</p><p>Among the actives, Ascendas REIT was down 0.35 percent, while CapitaLand Investment sank 0.75 percent, City Developments jumped 0.73 percent, Comfort DelGro improved 0.67 percent, Dairy Farm International rose 0.36 percent, Fraser Logistics shed 0.69 percent, Hongkong Land soared 0.84 percent, Keppel Corp spiked 0.76 percent, Mapletree Commercial Trust lost 0.53 percent, Mapletree Industrial Trust slid 0.37 percent, Oversea-Chinese Banking Corporation fell 0.50 percent, SATS eased 0.23 percent, SembCorp Industries surged 3.82 percent, Singapore Airlines rallied 0.74 percent, Singapore Exchange advanced 0.61 percent, Singapore Technologies Engineering and United Overseas Bank both gained 0.50 percent, Thai Beverage climbed 0.71 percent, Yangzijiang Shipbuilding tumbled 1.84 percent and Wilmar International, Mapletree Logistics Trust, Genting Singapore, DBS Group, CapitaLand Integrated Commercial Trust, SingTel and UOL Group were unchanged.</p><p>The lead from Wall Street is broadly positive as the major averages opened higher on Tuesday and picked up steam as the day progressed, ending sharply higher.</p><p>The Dow surged 499.51 points or 1.45 percent to finish at 34,911.20, while the NASDAQ soared 287.30 points or 2.15 percent to end at 13,619.66 and the S&P 500 jumped 70.52 points or 1.61 percent to close at 4,462.21.</p><p>The rally on Wall Street reflected largely upbeat earnings news from companies like Hasbro (HAS) and Johnson & Johnson (JNJ), although insurance giant Travelers (TRV) moved sharply lower despite earnings that beat estimates.</p><p>In U.S. economic news, the Commerce Department said new residential construction saw modest growth in March, while building permits also unexpectedly bounced higher.</p><p>Crude oil prices fell sharply Tuesday on concerns about outlook for energy demand following a downward revision in global growth forecast by the International Monetary Fund. West Texas Intermediate Crude oil futures for May ended down by $5.65 or 5.2 percent at $102.56 a barrel.</p></body></html>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stock Market May Extend Tuesday's Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Extend Tuesday's Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 08:06 GMT+8 <a href=https://www.rttnews.com/3276564/singapore-stock-market-may-extend-tuesday-s-gains.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market on Tuesday ended the two-day losing streak in which it had stumbled almost 45 points or 1.3 percent. The Straits Times Index now rests just above the 3,305-point plateau and...</p>\n\n<a href=\"https://www.rttnews.com/3276564/singapore-stock-market-may-extend-tuesday-s-gains.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3276564/singapore-stock-market-may-extend-tuesday-s-gains.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184676929","content_text":"The Singapore stock market on Tuesday ended the two-day losing streak in which it had stumbled almost 45 points or 1.3 percent. The Straits Times Index now rests just above the 3,305-point plateau and it's expected to open in the green again on Wednesday.The global forecast for the Asian markets is upbeat on continued optimism for earnings. The European markets were down and the U.S. bourses were up and now tech shares are expected to lead the Asian markets higher.The STI finished slightly higher on Tuesday following missed performances from the financial shares, property stocks and industrials.For the day, the index perked 4.06 points or 0.12 percent to finish at 3,307.13 after trading between 3,307.13 and 3,344.66. Volume was 2 billion shares worth 1.2 billion Singapore dollars. There were 244 decliners and 211 gainers.Among the actives, Ascendas REIT was down 0.35 percent, while CapitaLand Investment sank 0.75 percent, City Developments jumped 0.73 percent, Comfort DelGro improved 0.67 percent, Dairy Farm International rose 0.36 percent, Fraser Logistics shed 0.69 percent, Hongkong Land soared 0.84 percent, Keppel Corp spiked 0.76 percent, Mapletree Commercial Trust lost 0.53 percent, Mapletree Industrial Trust slid 0.37 percent, Oversea-Chinese Banking Corporation fell 0.50 percent, SATS eased 0.23 percent, SembCorp Industries surged 3.82 percent, Singapore Airlines rallied 0.74 percent, Singapore Exchange advanced 0.61 percent, Singapore Technologies Engineering and United Overseas Bank both gained 0.50 percent, Thai Beverage climbed 0.71 percent, Yangzijiang Shipbuilding tumbled 1.84 percent and Wilmar International, Mapletree Logistics Trust, Genting Singapore, DBS Group, CapitaLand Integrated Commercial Trust, SingTel and UOL Group were unchanged.The lead from Wall Street is broadly positive as the major averages opened higher on Tuesday and picked up steam as the day progressed, ending sharply higher.The Dow surged 499.51 points or 1.45 percent to finish at 34,911.20, while the NASDAQ soared 287.30 points or 2.15 percent to end at 13,619.66 and the S&P 500 jumped 70.52 points or 1.61 percent to close at 4,462.21.The rally on Wall Street reflected largely upbeat earnings news from companies like Hasbro (HAS) and Johnson & Johnson (JNJ), although insurance giant Travelers (TRV) moved sharply lower despite earnings that beat estimates.In U.S. economic news, the Commerce Department said new residential construction saw modest growth in March, while building permits also unexpectedly bounced higher.Crude oil prices fell sharply Tuesday on concerns about outlook for energy demand following a downward revision in global growth forecast by the International Monetary Fund. West Texas Intermediate Crude oil futures for May ended down by $5.65 or 5.2 percent at $102.56 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086375589,"gmtCreate":1650418403287,"gmtModify":1676534719746,"author":{"id":"3559084161237277","authorId":"3559084161237277","name":"HENGLM003","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559084161237277","authorIdStr":"3559084161237277"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086375589","repostId":"2228916468","repostType":4,"repost":{"id":"2228916468","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1650410146,"share":"https://ttm.financial/m/news/2228916468?lang=&edition=fundamental","pubTime":"2022-04-20 07:15","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Higher as Earnings Optimism Outshines Rising Yields","url":"https://stock-news.laohu8.com/highlight/detail?id=2228916468","media":"Reuters","summary":"* U.S. 30-year bond yield hits 3%* IMF cuts global growth forecast for 2022* J&J hits record high after earningsApril 19 (Reuters) - U.S. stocks ended higher on Tuesday, as investors used positive ear","content":"<html><head></head><body><p>* U.S. 30-year bond yield hits 3%</p><p>* IMF cuts global growth forecast for 2022</p><p>* J&J hits record high after earnings</p><p>April 19 (Reuters) - U.S. stocks ended higher on Tuesday, as investors used positive earnings to advance Wall Street's main indexes and took relief from two U.S. Federal Reserve officials offering more dovish comments on interest rate rises than <a href=\"https://laohu8.com/S/AONE.U\">one</a> of their counterparts.</p><p>Shares of megacap companies, including Microsoft Corp, Apple Inc and Amazon.com Inc, rose even as Treasury yields extended a recent surge.</p><p>Johnson & Johnson advanced to a record high, before pulling back slightly, as its quarterly profit exceeded market expectations and it raised its dividend payout.</p><p>Of the 49 companies in the S&P 500 index that have reported quarterly earnings so far, 79.6% have exceeded profit estimates, as per Refinitiv data. Typically, 66% beat estimates.</p><p>"It certainly feels like every earnings season, especially since March 2020, is more important than the next, but particularly given where we sit in the economic cycle, the Fed's rate hike cycle, and the elevated inflation backdrop," said Max Grinacoff, equity derivatives strategist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p><p>"So it all comes down to whether corporate earnings will remain resilient, in the face of what we have seen year-to-date geopolitically and with the U.S. economic picture. It will be a true test."</p><p>St. Louis Federal Reserve Bank President James Bullard on Monday repeated his case for increasing the rates to 3.5% by the end of the year to slow a 40-year-high inflation. He also said he did not rule out a 75 basis points rate hike.</p><p>Stocks appeared to brush aside the remarks, and the main indexes rallied further in late afternoon trading after both Chicago Federal Reserve Bank President Charles Evans and Atlanta Federal Reserve Bank President Raphael Bostic offered more dovish comments.</p><p>Bond yields continued their recent moves higher though. The 30-year yield exceeded 3% for the first time since April 2019. The 10-year tips < US10YTIP=RR> yield turned positive for the first time since March 2020, the start of the coronavirus pandemic.</p><p>"We typically assume higher yields should be beneficial for banks, but that correlation has broken down a bit and it's been the sectors most negatively-correlated to rising rates - defensive sectors - which have actually rallied," said BNP's Grinacoff.</p><p>"We do think that is due to some recessionary fears starting to be priced in."</p><p>According to preliminary data, the S&P 500 gained 72.36 points, or 1.65%, to end at 4,464.05 points, while the Nasdaq Composite gained 287.13 points, or 2.15%, to 13,619.49. The Dow Jones Industrial Average rose 519.57 points, or 1.51%, to 34,931.26.</p><p>Most of the 11 major S&P subsectors were higher, led by consumer discretionary stocks. Among the best performers in the index were gaming companies, with Wynn Resorts Inc, Caesars Entertainment Inc and Penn National Gaming Inc all posting strong gains.</p><p>Energy stocks fell as oil prices tumbled 5.2% after the International Monetary Fund cut its growth forecasts for the global economy and warned of higher inflation.</p><p>This year's rally in crude prices, which are still up around a third despite Tuesday's declines, helped Halliburton Co post an 85% rise in first-quarter adjusted profit as demand for its services and equipment increased. However, the oilfield services firm's shares were lower, amid the wider slump in energy stocks.</p><p>Travelers Cos Inc also fell, despite the property and casualty insurer posting a better-than-expected quarterly profit.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc declined. More private equity firms have expressed interest in participating in a deal for the micro blogging site, according to reports.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Higher as Earnings Optimism Outshines Rising Yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Higher as Earnings Optimism Outshines Rising Yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-20 07:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* U.S. 30-year bond yield hits 3%</p><p>* IMF cuts global growth forecast for 2022</p><p>* J&J hits record high after earnings</p><p>April 19 (Reuters) - U.S. stocks ended higher on Tuesday, as investors used positive earnings to advance Wall Street's main indexes and took relief from two U.S. Federal Reserve officials offering more dovish comments on interest rate rises than <a href=\"https://laohu8.com/S/AONE.U\">one</a> of their counterparts.</p><p>Shares of megacap companies, including Microsoft Corp, Apple Inc and Amazon.com Inc, rose even as Treasury yields extended a recent surge.</p><p>Johnson & Johnson advanced to a record high, before pulling back slightly, as its quarterly profit exceeded market expectations and it raised its dividend payout.</p><p>Of the 49 companies in the S&P 500 index that have reported quarterly earnings so far, 79.6% have exceeded profit estimates, as per Refinitiv data. Typically, 66% beat estimates.</p><p>"It certainly feels like every earnings season, especially since March 2020, is more important than the next, but particularly given where we sit in the economic cycle, the Fed's rate hike cycle, and the elevated inflation backdrop," said Max Grinacoff, equity derivatives strategist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p><p>"So it all comes down to whether corporate earnings will remain resilient, in the face of what we have seen year-to-date geopolitically and with the U.S. economic picture. It will be a true test."</p><p>St. Louis Federal Reserve Bank President James Bullard on Monday repeated his case for increasing the rates to 3.5% by the end of the year to slow a 40-year-high inflation. He also said he did not rule out a 75 basis points rate hike.</p><p>Stocks appeared to brush aside the remarks, and the main indexes rallied further in late afternoon trading after both Chicago Federal Reserve Bank President Charles Evans and Atlanta Federal Reserve Bank President Raphael Bostic offered more dovish comments.</p><p>Bond yields continued their recent moves higher though. The 30-year yield exceeded 3% for the first time since April 2019. The 10-year tips < US10YTIP=RR> yield turned positive for the first time since March 2020, the start of the coronavirus pandemic.</p><p>"We typically assume higher yields should be beneficial for banks, but that correlation has broken down a bit and it's been the sectors most negatively-correlated to rising rates - defensive sectors - which have actually rallied," said BNP's Grinacoff.</p><p>"We do think that is due to some recessionary fears starting to be priced in."</p><p>According to preliminary data, the S&P 500 gained 72.36 points, or 1.65%, to end at 4,464.05 points, while the Nasdaq Composite gained 287.13 points, or 2.15%, to 13,619.49. The Dow Jones Industrial Average rose 519.57 points, or 1.51%, to 34,931.26.</p><p>Most of the 11 major S&P subsectors were higher, led by consumer discretionary stocks. Among the best performers in the index were gaming companies, with Wynn Resorts Inc, Caesars Entertainment Inc and Penn National Gaming Inc all posting strong gains.</p><p>Energy stocks fell as oil prices tumbled 5.2% after the International Monetary Fund cut its growth forecasts for the global economy and warned of higher inflation.</p><p>This year's rally in crude prices, which are still up around a third despite Tuesday's declines, helped Halliburton Co post an 85% rise in first-quarter adjusted profit as demand for its services and equipment increased. However, the oilfield services firm's shares were lower, amid the wider slump in energy stocks.</p><p>Travelers Cos Inc also fell, despite the property and casualty insurer posting a better-than-expected quarterly profit.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc declined. More private equity firms have expressed interest in participating in a deal for the micro blogging site, according to reports.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果",".IXIC":"NASDAQ Composite","AMZN":"亚马逊","TRV":"旅行者财产险集团","HAL":"哈里伯顿",".SPX":"S&P 500 Index","CZR":"凯撒娱乐",".DJI":"道琼斯","IBM":"IBM","WYNN":"永利度假村","JNJ":"强生","NFLX":"奈飞","WFC":"富国银行","PENN":"佩恩国民博彩","TWTR":"Twitter","MSFT":"微软","BAC":"美国银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228916468","content_text":"* U.S. 30-year bond yield hits 3%* IMF cuts global growth forecast for 2022* J&J hits record high after earningsApril 19 (Reuters) - U.S. stocks ended higher on Tuesday, as investors used positive earnings to advance Wall Street's main indexes and took relief from two U.S. Federal Reserve officials offering more dovish comments on interest rate rises than one of their counterparts.Shares of megacap companies, including Microsoft Corp, Apple Inc and Amazon.com Inc, rose even as Treasury yields extended a recent surge.Johnson & Johnson advanced to a record high, before pulling back slightly, as its quarterly profit exceeded market expectations and it raised its dividend payout.Of the 49 companies in the S&P 500 index that have reported quarterly earnings so far, 79.6% have exceeded profit estimates, as per Refinitiv data. Typically, 66% beat estimates.\"It certainly feels like every earnings season, especially since March 2020, is more important than the next, but particularly given where we sit in the economic cycle, the Fed's rate hike cycle, and the elevated inflation backdrop,\" said Max Grinacoff, equity derivatives strategist at BNP Paribas.\"So it all comes down to whether corporate earnings will remain resilient, in the face of what we have seen year-to-date geopolitically and with the U.S. economic picture. It will be a true test.\"St. Louis Federal Reserve Bank President James Bullard on Monday repeated his case for increasing the rates to 3.5% by the end of the year to slow a 40-year-high inflation. He also said he did not rule out a 75 basis points rate hike.Stocks appeared to brush aside the remarks, and the main indexes rallied further in late afternoon trading after both Chicago Federal Reserve Bank President Charles Evans and Atlanta Federal Reserve Bank President Raphael Bostic offered more dovish comments.Bond yields continued their recent moves higher though. The 30-year yield exceeded 3% for the first time since April 2019. The 10-year tips < US10YTIP=RR> yield turned positive for the first time since March 2020, the start of the coronavirus pandemic.\"We typically assume higher yields should be beneficial for banks, but that correlation has broken down a bit and it's been the sectors most negatively-correlated to rising rates - defensive sectors - which have actually rallied,\" said BNP's Grinacoff.\"We do think that is due to some recessionary fears starting to be priced in.\"According to preliminary data, the S&P 500 gained 72.36 points, or 1.65%, to end at 4,464.05 points, while the Nasdaq Composite gained 287.13 points, or 2.15%, to 13,619.49. The Dow Jones Industrial Average rose 519.57 points, or 1.51%, to 34,931.26.Most of the 11 major S&P subsectors were higher, led by consumer discretionary stocks. Among the best performers in the index were gaming companies, with Wynn Resorts Inc, Caesars Entertainment Inc and Penn National Gaming Inc all posting strong gains.Energy stocks fell as oil prices tumbled 5.2% after the International Monetary Fund cut its growth forecasts for the global economy and warned of higher inflation.This year's rally in crude prices, which are still up around a third despite Tuesday's declines, helped Halliburton Co post an 85% rise in first-quarter adjusted profit as demand for its services and equipment increased. However, the oilfield services firm's shares were lower, amid the wider slump in energy stocks.Travelers Cos Inc also fell, despite the property and casualty insurer posting a better-than-expected quarterly profit.Meanwhile, Twitter Inc declined. More private equity firms have expressed interest in participating in a deal for the micro blogging site, according to reports.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9086375589,"gmtCreate":1650418403287,"gmtModify":1676534719746,"author":{"id":"3559084161237277","authorId":"3559084161237277","name":"HENGLM003","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559084161237277","idStr":"3559084161237277"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086375589","repostId":"2228916468","repostType":4,"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086374670,"gmtCreate":1650418452478,"gmtModify":1676534719769,"author":{"id":"3559084161237277","authorId":"3559084161237277","name":"HENGLM003","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559084161237277","idStr":"3559084161237277"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086374670","repostId":"1184676929","repostType":4,"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
