Futures on the Dow Jones Industrial Average rose 309 points, pointing to an opening gain of about 342 points. The S&P 500 and Nasdaq futures also pointed to Tuesday opening gains.
Earnings season is set to kick off on Tuesday with JPMorgan Chase, Wells Fargo and Johnson & Johnson reporting numbers in the morning. The first batch of results will give investors a sense of how devastating the hit to corporations could be from the pandemic.
Analysts expect S&P 500 earnings growth to decline 10.2% in the first quarter year-over-ear, according to Refinitiv. There is also an unusually wide range of estimates given the unprecedented uncertainty from the
“Even the lowered forecast may prove optimistic given some analysts have not adjusted
For the first quarter, 88 negative earnings pre-announcements have been issued by S&P 500 corporations, according to Refinitiv. A wave of major companies
As of Monday, confirmed
New York Gov. Andrew Cuomo struck an optimistic tone about the outbreak in New York state, the epicenter of the pandemic in the United States. He said Monday it appears that “the worst is over
President Donald Trump said in a press conference Monday that growth in new