Weekly Market Update: January 19th, 2024
Stock prices were mixed, but most major indexes finished the week with gains as the S&P 500 and Dow Jones Industrial Average reached new all-time highs. Earnings season is still in the early innings, with only 10% of companies reporting actual results. S&P 500 earnings growth expectations were softened again, with the most recent estimates coming in at a decline of -1.7% for the fourth quarter and effectively 0% for the calendar year 2023.