US Profit Rally Meets Market Consolidation - DAX Beneficiaries Thanks to RTX, GM, and GE Aerospace – Gold Experiences Strongest Decline in Four Years While Investors Await Inflation Data - US Corporations Impress with Strong Quarterly Results – Upward Revisions Dominating the Ongoing Earnings Season
Reading Time: 10 minutes
US Profit Rally Meets Market Consolidation The recent upward movement in the American stock markets, which had driven the S&P 500 to the brink of new record highs, is noticeably losing momentum. While investors prepare for upcoming inflation data and assess mostly positive quarterly results, the leading index stagnates on Tuesday close to the previous day's level. Particularly striking is the gold price (-6.05 %) , which is experiencing its largest daily loss in four years, while the US dollar rises in value parallel to bonds . After the...
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