Will Earnings Disappointments Stop the Stock Market Rally?
Investors have been pleased with the way January has gone thus far. Even amid concerns about an economic slowdown, major market benchmarks have rebounded sharply and clawed back at least part of what they lost in 2022.
On Wednesday morning, however, market participants weren't entirely satisfied with the way earnings season has gone thus far. High-profile earnings releases from tech titans pointed to the potential for further weakness ahead. Moreover, disappointments have gone beyond the tech sector, as both Boeing (NYSE: BA) and Capital One Financial (NYSE: COF) provided some perspective on the business environment at the end of 2022 and on what the coming year could bring.
Boeing is still losing money
Shares of Boeing were down 2% at the market open on Wednesday morning. The aerospace giant released its fourth-quarter financial results, and investors weren't pleased to see more red ink from the company after several years of steep losses.
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