NEW YORK (AP) — The stock market is rising Monday, ahead of the start of earnings season and on increasing confidence that the economy can support profit growth for U.S. companies.
Aluminum producer Alcoa, the first company in the Dow to announce earnings, will report its second-quarter results after the market closes. Banks JPMorgan and Wells Fargo are also among companies that will report earnings this week.
Analysts predict that earnings growth for companies in the Standard & Poor's 500 index rose 3 percent in the second quarter. While growth is down from 5 percent in the first quarter, earnings are expected to remain close to record levels.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
