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Nasdaq rallies more than 1%, closes positive for 2020
By Thomas Franck & Fred Omar Imbert
The S&P 500 ekes out a small gain to start the week, supported by strength from big tech
By Yun Li & Fred Omar Imbert
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
Comm Serv soared today and is now back in first place YTD (still trailing Energy by 0.1% MTD); Tech did well today, too, but is still down by nearly 4% MTD … NASDAQ’s 2% gain today bumped it to third place YTD; small caps did well but didn’t outpace large caps (and they continue… pic.twitter.com/HAiuVWX0FF
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Mohamed A. El-Erian
elerianm
This week’s #markets were supposed to be mainly about earnings, with macro taking more of a back seat ahead of next week’s US #jobs data, the #FederalReserve meeting, #China’s PMI, etc (more on this in the weekly look ahead that I will post later).
Earnings did have a notable… pic.twitter.com/8lYAakVct5
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Ryan Detrick, CMT
RyanDetrick
S&P 500 earnings in '24 are expected to be up 10.3% and another 13.9% next year.
Yes, forward estimates can change, but they can also change to the upside.
We continue to think this is too low, as the recovery will continue to broaden out. pic.twitter.com/6Qo9SAI70u
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Ryan Detrick, CMT
RyanDetrick
Since 2000, the second half of April tends to be much better than the first half for the S&P 500.
A few more days next week, but stocks are trying to rhyme here. pic.twitter.com/OKolkrCsPy
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