The Trump Administration is set to start trade discussions with China in Switzerland, impacting the stock market positively as the S&P 500 rises. Major earnings reports contribute to market sentiment, especially Disney's significant earnings beat, reporting $1.45 per share against predictions of $1.20, along with an optimistic outlook for 2025. Although the Federal Reserve is meeting this week to consider interest rate strategies, current indicators suggest stability, with its commentary potentially influencing market perspectives. Meanwhile, Novo Nordisk's robust sales growth showcases strong future sales expectations, particularly for Wegovy.
U.S. Treasury Secretary Scott Bessent and top trade official Jamieson Greer will begin trade talks with Chinese negotiators in Switzerland this weekend, sparking an immediate rally in the stock market.
Disney just crushed earnings forecasts this morning, reporting $1.45 per share in adjusted earnings where analysts were looking for only $1.20, raising its forecast for the year.
The Fed is meeting this week to discuss potential interest rate actions, with odds favoring no changes this month, though Fed commentary could affect market performance.
Novo Nordisk reported impressive Q1 sales growth but has cut its full-year forecast, although it expects strong growth in Wegovy sales later this year.
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