Economics
FANG Stocks Save the Week
- SocGen sees potential 18% drop in S&P 500 on earnings risk
- Birinyi stays optimistic, saying Apple’s bull case is intact
JPMorgan's Dryden Sees 25% U.S. Equities Earnings Growth in 2018
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In a week where equity investors got spooked by higher rates and peaking growth, robust earnings from tech giants fell just short of keeping the market afloat.
Stocks got slammed Tuesday when Caterpillar’s “high water mark” comments on profit came just hours after the first 3 percent yield on 10-year Treasuries in four years. It took earnings-fueled rallies from heavyweights Facebook and Amazon in the final two days to save the S&P 500 from a rout in the week.