Crealrayner
2021-04-27
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Tech Leads Stock Retreat Ahead of Megacap Earnings: Markets Wrap
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Treasury yields rose.</p>\n<p>Tesla fell to a two-week low after itsearnings reportfailed to impress investors. Microsoft Corp. and Google parent Alphabet are due to report after the close of trading on Tuesday. With much of the earnings optimism already factored into stocks trading near records, investors may be waiting for stronger beats to fan the next move higher.</p>\n<p>Four out of five S&P 500 Index companies that have released results so far have either met or beaten expectations. On average, S&P 500 company shares have gained less than 0.1% after their reports, according to data compiled by Bloomberg. While equity investors have offered a sluggish response, it served to highlight traders’ lofty expectations rather than doubt over the outlook.</p>\n<p>“Muted stock-price reaction to the robust numbers is largely due to already elevated expectations going into the reporting season,” strategists led by Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a note. “The strong results give us greater confidence that (U.S.) corporate profits will grow more than 30% in 1Q.”</p>\n<p>Meanwhile, U.S. data this week are expected to show growth accelerated to an annualized 6.8% in the first quarter. A Conference Board measure Tuesday may show U.S. consumer confidence surged for a fourth successive months to the highest level since March 2020.</p>\n<p>Such reports aren’t shifting the Federal Reserve’s highly accommodative stance, with the central bank expected to keep policy unchanged at this week’s meeting.</p>\n<p>The Stoxx Europe 600 Index slid as investors weighed the scope for further gains.HSBC Holdings Plcrose after saying quarterly earnings more thandoubledand returning to profit in Europe and the U.S.</p>\n<p>Copper led the Bloomberg Commodity Index higher, as the growth-sensitive metalextended a rallyon the U.S. administration’s plans for a large infrastructure package. Oil climbed after OPEC+ projected a strong recovery beyond near-term demand destruction from India’s Covid-19 surge.</p>","source":"lsy1584095487587","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>Tech Leads Stock Retreat Ahead of Megacap Earnings: Markets Wrap</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\">\nTech Leads Stock Retreat Ahead of Megacap Earnings: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 22:24 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-04-26/asia-stocks-set-for-muted-open-ahead-of-fomc-markets-wrap><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. equities slipped from all-time highs as technology shares faltered ahead a batch of earnings reports from industry heavyweights.\nThe S&P 500 slipped from an all-time high, with Tesla Inc., ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-26/asia-stocks-set-for-muted-open-ahead-of-fomc-markets-wrap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-26/asia-stocks-set-for-muted-open-ahead-of-fomc-markets-wrap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134543321","content_text":"U.S. equities slipped from all-time highs as technology shares faltered ahead a batch of earnings reports from industry heavyweights.\nThe S&P 500 slipped from an all-time high, with Tesla Inc., Microsoft Corp., Apple Inc. and Alphabet Inc. contributing the most to the decline. 3M Co. weighed on the Dow Jones Industrial Average after delivering its quarterly results. Treasury yields rose.\nTesla fell to a two-week low after itsearnings reportfailed to impress investors. Microsoft Corp. and Google parent Alphabet are due to report after the close of trading on Tuesday. With much of the earnings optimism already factored into stocks trading near records, investors may be waiting for stronger beats to fan the next move higher.\nFour out of five S&P 500 Index companies that have released results so far have either met or beaten expectations. On average, S&P 500 company shares have gained less than 0.1% after their reports, according to data compiled by Bloomberg. While equity investors have offered a sluggish response, it served to highlight traders’ lofty expectations rather than doubt over the outlook.\n“Muted stock-price reaction to the robust numbers is largely due to already elevated expectations going into the reporting season,” strategists led by Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a note. “The strong results give us greater confidence that (U.S.) corporate profits will grow more than 30% in 1Q.”\nMeanwhile, U.S. data this week are expected to show growth accelerated to an annualized 6.8% in the first quarter. A Conference Board measure Tuesday may show U.S. consumer confidence surged for a fourth successive months to the highest level since March 2020.\nSuch reports aren’t shifting the Federal Reserve’s highly accommodative stance, with the central bank expected to keep policy unchanged at this week’s meeting.\nThe Stoxx Europe 600 Index slid as investors weighed the scope for further gains.HSBC Holdings Plcrose after saying quarterly earnings more thandoubledand returning to profit in Europe and the U.S.\nCopper led the Bloomberg Commodity Index higher, as the growth-sensitive metalextended a rallyon the U.S. administration’s plans for a large infrastructure package. Oil climbed after OPEC+ projected a strong recovery beyond near-term demand destruction from India’s Covid-19 surge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/377507172"}
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