The S&P 500 rallied through the 3,300 mark for the first time on Thursday and th...
The new highs on Wall Street come after Washington and Beijing on Wednesday signed a deal pausing an 18-month long tariff war that had bruised financial markets and crimped global growth.
China is expected to boost purchases of U.S. goods and services in exchange for the rolling back of some tariffs as part of the deal, but several thorny issues remain unresolved. Analysts expect profits at S&P 500 companies to have dropped 0.4% in the fourth quarter, but full-year 2020 earnings are estimated to grow 9.6%, according to Refinitiv IBES data. Full-year earnings estimates typically decline as the year advances.“Small caps this week are starting to act better and gain interest from investors,” said Willie Delwiche, an investment strategist at Baird.
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