Stocks Bounce Ahead of Key Microsoft, Alphabet Earnings Amid Ongoing Bear Market
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Now it's all eyes on Microsoft and Alphabet who report earnings this week. Stocks managed a weak bounce amid bear market action.
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Breadth was 2,900 gainers to 5,550 losers, with 1,270 new 12-month lows. Russell 2000 index hit a new low, signaling a bounce may come.
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Tomorrow Alphabet and Microsoft report earnings, which may provide insight into sentiment and expectations. Bulls hope for lift from earnings and seasonality.
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Bonds finally bounced, relieving some pressure on equities. Still too early to say rates have peaked.
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Tough market now, but patient investors with cash will see opportunities. Microsoft and Alphabet are holdings in the Action Alerts PLUS member club.