US stock market rises in volatility

Mon 10/28/2024

by Ellie LeTu

Source: Financial Times

• Q3 earning reports lead to large swing

  • Reports reveal significant volatility, with average stock moves of 10-20%.

  • Companies reporting positive earnings outperform the S&P 500 by 2.7%, higher than the usual 1.5%.

  • Companies missing reports have seen a 3.3% decline relative to the S&P 500.

• High sensitive investors reaction

  • Q3 reports are critical, offering insights into 2025 forecasts.

  • Investors are actively reallocating funds to better-performing stocks.

• Volatility driven by many factors

  • Presidential election coming up.

  • Potential for another interest rate cut this year.

  • The S&P 500 is currently at record highs.