Stocks Retreat as Tech Stocks Fall and the US Labor Market Weakens
View original at nasdaq.comStocks Retreat as Tech Stocks Fall and the US Labor Market Weakens The S&P 500 Index ($SPX) (SPY) today is down -1.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.49%…
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Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%
80% confidenceFull-year adjusted EBITDA forecast of $2.67 billion to $2.72 billion
80% confidenceFull-year revenue forecast of $46 billion to $47.5 billion
80% confidenceThe economy remains resilient in a challenging global environment. At the same time, the outlook is still uncertain, owing particularly to ongoing global trade policy uncertainty and geopolitical tensions
80% confidenceFull-year adjusted EPS forecast of $8.20 to $8.52
80% confidenceS&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth
80% confidenceFull-year 2026 capital expenditures forecast of $175 billion to $185 billion
80% confidenceShe supported the Fed's decision to hold interest rates steady because she now sees risks as tilted toward higher inflation
80% confidenceFull-year adjusted EPS estimate raised to $38.80 to $39.20 from prior estimate of $38.35 to $38.85
80% confidenceQ2 revenue forecast of $10.2 billion to $11.0 billion
80% confidenceAfter nearly five years of above-target inflation, it is essential to maintain credibility by returning to a disinflationary path and achieving target in the relatively near future
80% confidenceFull-year adjusted EPS forecast of $2.05 to $2.25
80% confidence2026 adjusted EPS forecast of $12.55 to $12.85
80% confidenceUpside risks to inflation have diminished, and there should be scope for further policy easing if the economy and the inflation outlook evolve as expected
80% confidence