Stocks climb worldwide as CEOs prepare latest report cards

NEW YORK (AP) — Stocks are rising in early trading on Wall Street Monday as CEOs across the country prepare to tell their investors how much money they made, or lost, in the spring as the coronavirus pandemic pounded the economy. The S&P 500 was 0.7% higher after the first 15 minutes of trading, following up on bigger gains across Europe and Asia. Treasury yields also climbed, though some hesitance still hung over markets as the price of gold ticked higher. Wall Street is expecting most CEOs to report dismal results for the spring, but analysts are also forecasting that the second quarter likely marked the bottom for earnings declines.

Be the first to comment

Leave a Reply

Your email address will not be published.


*