Wall St. set to open higher as earnings season gathers steam [Reuters]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
Wall St. set to open higher as earnings season gathers steam - Reuters 4 Min Read (Reuters) - Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap. Second-quarter earnings started off on a dour note last week as results from major banks raised concerns about profit growth in a low interest rate environment. “We are going into another round of earnings which is going to set the tone for markets, and U.S.-China trade talks look like they can go forward and that is a positive thing,” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. The South China Morning Post reported U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting, when Trump held off on fresh tariffs on Chinese goods. A
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