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US equities (^GSPC, ^DJI, ^IXIC) saw mixed trading on Tuesday as investors gear up for key economic data and speeches from Federal Reserve leaders later this week. As bullish sentiment for the industry grows, can equities keep up?
US lender Wealth Management Senior capital Strategist Rob Haworth joins industry Domination to give insight into the state of the economy and what investors need to keep in mind moving forward.
“Over the longer term, we think this is a development-oriented industry where the economy is holding up fairly well and there’s room for earnings to continue to expand, we’ve seen analysts start to take up full-year 2024 earnings expectations. We’re estimating around $244 a share depending upon which service you look at, and that’s probably enough to keep this industry in positive territory for the year,” Haworth tells Yahoo financial.
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