Will Q3 Earnings Drive Dow ETF Higher?
Zacks Investment Research | Oct 10, 2019 10:59PM ET
Trade drama is playing foul on the U.S. stock market and the earnings picture. After gaining nearly 1% in the third quarter, the stocks faltered with the start of the new quarter. Like the first half, the earnings picture looks soft again this time, thanks to tough comparisons, moderating economic growth and continuing trade dispute.
However, the Fed’s easing policy is driving the stock market higher. The central bank has slashed interest rates twice this year –by 25 bps each – and there is speculation about more rate cuts (read: Zacks Investment Research
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