Wall Street Week Ahead: Surging record-high US stocks to wade deeper into earnings season
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- S&P 500 closed above 7,000, up 11% since March 30, a speed never seen in 11 trading sessions since 1928 (Bespoke Investment Group).
- Chuck Carlson of Horizon Investment Services warned war‑related risks could still cause daily market swings, but focus now shifts to corporate profits.
- Michael Mullaney of Boston Partners flagged that oil at $94 a barrel may fuel inflation and lift Treasury yields, posing head for stocks.
- Jim Reid of Deutsche Bank called the rapid ascent “astonishing,” noting strong rebounds from megacap tech names like Alphabet and Meta and a Nasdaq 12‑day winning streak.
- Jeff Weniger of WisdomTree said broad participation and the return of “generals” is a healthy sign for equities.
- Tesla is the first of the “Magnificent Seven” megacaps to report Q1 earnings this week, followed by Boeing, Intel, Procter & Gamble, and later Microsoft, Alphabet, and Meta.
- Allbirds shares surged after the company announced a pivot to AI computing infrastructure, sparking frothiness concerns.
Why it matters: Investors will gauge market direction this week as Tesla, Boeing, Intel, and P&G release Q1 earnings.
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