Your Evening Briefing: Strong Earnings Predicted to Boost S&P 500

Robust earnings from corporate America will pull the S&P 500 Index out of its latest morass, despite rising concerns about a significant jump in bond yields, according to Bloomberg’s latest Markets Live Pulse survey. With reporting season kicking into high gear this week and featuring results from Big Tech giants such as Microsoft, Meta and Alphabet, almost two-thirds of 409 respondents said they expect earnings to give the US equity benchmark a boost. That’s the highest vote of confidence for corporate profits since the poll began asking the question in October 2022. Markets on Monday seemed to reflect the sentiment. Here’s your markets wrap.

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