Companies need to post healthy profit growth and strong outlooks for next year to sustain valuations that have crept up in recent months. — Reuters
NEW YORK: A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a US stock market near record highs.
The case for strong US economic growth got a boost on Friday, after labour market data came in far above expectations. The S&P 500 is up 20% year-to-date and stands near record highs despite recent tumult spurred by rising geopolitical tensions in the Middle East.
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