Global equity indexes reach record highs as strong earnings and tech sector drive rally
Updated
Updated · JP Morgan · Apr 24
Global equity indexes reach record highs as strong earnings and tech sector drive rally
9 articles · Updated · JP Morgan · Apr 24
The S&P 500, Nasdaq 100, and Russell 2000 posted gains of 9%, 13-day streak, and 11% respectively, with 83% of S&P 500 companies beating earnings estimates.
Korean and Taiwanese markets also hit record levels, while emerging markets rebounded faster than U.S. benchmarks. Europe and Japan, however, remain below preconflict peaks due to weaker earnings and sector composition.
The rapid recovery follows a nearly 10% S&P 500 drawdown amid ongoing Iran conflict and a naval blockade, highlighting investor confidence in corporate fundamentals, especially technology, despite persistent geopolitical risks.
Can Europe and Japan's markets ever catch up to the US tech-fueled rally?
With global oil supplies cut by 20%, why are stock markets hitting all-time highs?
How long can a few tech giants carry the entire market amid escalating global turmoil?
Are record corporate earnings a durable trend or a final surge before a global slowdown?
Will government-funded 'Trump Accounts' permanently alter the stock market's future?
Is the Fed's liquidity injection masking the true economic damage from the Mideast conflict?