From Nasdaq: 2024-05-24 20:00:00

The U.S. economy is growing moderately, but the Fed’s tight monetary policy is causing concern. Inflation readings disrupted expectations of rate cuts this year. Household spending remains steady and consumer preferences shift towards services. Retail sector Q1 earnings show a 32% increase in total earnings.

Q1 earnings for the S&P 500 companies are up 7% on higher revenues. Retailers like Walmart and Target perform differently due to consumer spending patterns. Overall earnings growth is expected to be up 6.8% in Q1. The Tech and Energy sectors impact earnings growth differently.

Looking ahead, Q2 earnings are expected to grow by 9%. The market typically performs well in election years. Zacks offers a free report on recommended stocks for both Democrat and Republican wins. Notable companies include an aerospace and defense standout and an energy powerhouse planning to increase dividends by 25%.



Read more at Nasdaq:: Retail Earnings & Consumer Spending: A Closer Look