Stocks gain as upbeat Wall St earnings lift outlook [Financial Post (Toronto, Ontario, Canada)]
Apple Inc. (AAPL)
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Source: Financial Post
records, buoyed by a robust start to the U.S. corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Facebook , Apple Inc, Amazon, Microsoft, and Alphabet, which have been the drivers of the market rally this year. The Dow Jones Industrials and S&P 500 closed at record highs on Monday as traders looked ahead to earnings reports. Best Black Friday deals in Canada 2021 Advertisement Advertisement Article content “The number one thing is that earnings are better-than-expected and what's more interesting is that as we approach the end of the year, we're going to see forward guidance being lifted, which would make the market multiple more reasonable,” said Thomas Hayes, chairman of Great Hill Capital in New York. The MSCI world equity index, which tracks shares in 50 countries, rose 0.28%, while the pan-European STOXX 600 index gained 0.07%. In choppy trading on
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