Wall Street edged lower on Wednesday, as concerns over an escalation in the U.S....
), showing consumer confidence remained strong despite recession fears that have led businesses to pull back on spending and borrowing.
“A lot of investor hopes are pinned on some of these tensions abating, because that is a linchpin on why you should own stocks,” she added. Of the 43 S&P 500 companies that have reported earnings so far, 86% have topped Wall Street expectations, according to IBES data from Refinitiv.
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