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Search resuls for: "Staples underperformed"


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The S&P 500 looks on track to have the strongest earnings season since the third quarter of 2021. Earnings are telling markets four things about the state of the economy, Bank of America says. Bank of America in a note on Monday pointed to so-far resilient earnings season, despite earlier concerns on Wall Street over a sustained slowdown in corporate profits. Meanwhile, revenue per worker in the S&P 500 is approaching its highest level since 2008, despite sales slowing down. Investors, though, are still waiting on the rest of S&P 500 firms to report their financials over the next few weeks.
Persons: Organizations: Bank of America, Service, Pfizer, Merck
What happens to the US economy nextBank of America's economic indicator has made a sudden pivot upwards, from the lows of a "downturn" phase into the gradual strengthening of a "recovery" phase. Rising inflation indicates improving economic conditions. Rising inflation indicates improving economic conditions. A rising Z-Score indicates improving economic conditions. A rising Z-Score indicates improving economic conditions.
Persons: it's, Savita Subramanian, Subramanian, Jan, Staples underperformed, Bank of America Subramanian, Dev Organizations: Bank of America, Bank of, Thomson, PMI, Supply Management Manufacturing, Federal Reserve Bank of Philadelphia Survey, Conference Board, Bond, ICE, Utilities, Health Care, Fed, of America
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