{"id":7155,"date":"2023-10-30T15:37:00","date_gmt":"2023-10-30T15:37:00","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks-notch-2-week-best-rally-but-growth-hopes-may-be-divorced-from-reality\/"},"modified":"2023-10-30T15:37:01","modified_gmt":"2023-10-30T15:37:01","slug":"stocks-notch-2-week-best-rally-but-growth-hopes-may-be-divorced-from-reality","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7155","title":{"rendered":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality"},"content":{"rendered":"
\n

Topline<\/h2>\n

Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened.<\/p>\n

Key Facts<\/h2>\n
\n
\n

The Dow Jones Industrial Average rose 310 points, or 1%, by mid-morning, while the S&P 500 and tech-heavy Nasdaq jumped 0.7% and 0.8%, respectively.<\/p>\n<\/p><\/div>\n

\n

It\u2019s the Dow\u2019s best day in two weeks, marking just the second time the index has gained 1% or more over the last two months, while it\u2019s the first time in two weeks all three indexes gained 0.7% or more.<\/p>\n<\/p><\/div>\n

\n

The jump notably came after the S&P entered correction territory, declining more than 10% from its July peak; the index is now slightly out of correction territory with a 9.5% contraction.<\/p>\n<\/p><\/div>\n

\n

Among Monday\u2019s biggest risers were big technology stocks which dragged down indexes after delivering mixed messages about future performance.Alphabet, Amazon, Meta and Microsoft all rose 2%, driving broader gains.<\/p>\n

<\/fbs-ad>\n <\/div>\n

\n

Also rising Monday were fast food heavyweight McDonald\u2019s and lender SoFi, whose stocks both gained 2% after the two firms both topped analysts\u2019 quarterly profit estimates in their morning earnings report.<\/p>\n<\/p><\/div>\n<\/div>\n

Chief Critic<\/h2>\n

JPMorgan strategists do not buy into the notion that earnings growth will support a sustained rally. The group led by Dubravko Lakos-Bujas wrote to clients Monday that consensus expectations about corporate profits growing 12% over the next year are \u201cdivorced\u201d from a host of risks including a decrease in consumer demand due to a decline in household savings and growing interest expenses. JPMorgan has a 4,200 year-end price target for the S&P, about 1% above its current level.<\/p>\n

Key Background<\/h2>\n

After rising more than 20% over 2023\u2019s first seven months, the S&P 500 is now up just 8% for the year. The stock market is reeling from a brutal two-week stretch in which all three major indexes declined 4% or more as investors sold off on lingering concerns about economic and financial conditions. Weighing heavily on stocks was the strength of the bond market tanking to its worst level in nearly two decades due to concerns and the kickoff of third-quarter earnings season. Though it\u2019s been a strong headline earnings season\u2014the S&P\u2019s 7.9% average profit above expectations through Thursday was well above the historic rate of 4.1%, according to LSEG data\u2014worries about future growth have weighed on stocks, evidenced by Meta\u2019s post-earnings nosedive after it cautioned about advertising spending due to the war between Israel and Hamas.<\/p>\n

What To Watch For<\/h2>\n

About a quarter of S&P companies (23.2%) will report earnings this week, according to Morgan Stanley research. The most anticipated release will come Wednesday afternoon, when the world\u2019s most valuable company, Apple, will disclose results.<\/p>\n

<\/h2>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average…<\/p>\n","protected":false},"author":1,"featured_media":7156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-7155","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nStocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros<\/title>\n<meta name=\"description\" content=\"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=7155\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=7155\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T15:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T15:37:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/1698680220_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=7155#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=7155\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality\",\"datePublished\":\"2023-10-30T15:37:00+00:00\",\"dateModified\":\"2023-10-30T15:37:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=7155\"},\"wordCount\":450,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=7155#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=7155\",\"url\":\"https:\/\/infundpros.com\/?p=7155\",\"name\":\"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-10-30T15:37:00+00:00\",\"dateModified\":\"2023-10-30T15:37:01+00:00\",\"description\":\"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=7155#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=7155\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=7155#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros","description":"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=7155","og_locale":"en_US","og_type":"article","og_title":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros","og_description":"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,","og_url":"https:\/\/infundpros.com\/?p=7155","og_site_name":"inFundPros","article_published_time":"2023-10-30T15:37:00+00:00","article_modified_time":"2023-10-30T15:37:01+00:00","og_image":[{"width":1600,"height":899,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/1698680220_0x0.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=7155#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=7155"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality","datePublished":"2023-10-30T15:37:00+00:00","dateModified":"2023-10-30T15:37:01+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=7155"},"wordCount":450,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=7155#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=7155","url":"https:\/\/infundpros.com\/?p=7155","name":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-10-30T15:37:00+00:00","dateModified":"2023-10-30T15:37:01+00:00","description":"Topline Stocks staged a broad rally Monday, a rare sight recently as confidence has weakened. Key Facts The Dow Jones Industrial Average rose 310 points,","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=7155#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=7155"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=7155#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Stocks Notch 2-Week-Best Rally\u2014But Growth Hopes May Be \u2018Divorced\u2019 From Reality"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/7155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7155"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/7155\/revisions"}],"predecessor-version":[{"id":7157,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/7155\/revisions\/7157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/7156"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}