On this week’s AHR Market review..
In a week where the USA’s credit outlook was lowered to negative, equity markets broadly finished the week higher led by growth stocks.
As the majority of major earnings announcements for quarter three come to an end, data from LSEG states that of the 455 companies in the S&P to report earnings, 81% reported above analysts expectations, with earnings growth across the index expected to be 6.3% for the quarter.
Over the week US Technology stocks added more than 2%, whilst broad US equities rose more than 1%, following some upside surprises for Q3 earnings from some of the indices big tech names.
Shifts in the interest-rate outlook continued to drive fixed-income markets as U.S. government bond prices reversed course, retreating in the wake of a rally the previous week.
Oil prices fell for the third week in a row to the lowest level since mid-July as mixed data on the global economy raised concerns about demand for oil.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.