Stock Pickers Sidelined With World Events Overshadowing Earnings
- Four of the six earnings sessions have seen concerted swings
- Results from tech megacaps may bring earnings back to the fore
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Earnings season typically is the time when investors can look past macroeconomic forces and focus on company-specific news moving stocks. This quarter, however, is turning out to be anything but typical.
Individual shares have, of course, reacted to earnings announcements in the week or so since Corporate America started reporting results. But conflict in the Middle East and surging Treasury yields are taking precedence, causing S&P 500 Index constituents to increasingly move in unison as global events sway markets broadly.