S&P 500 and Nasdaq 100 Post Record Highs on AI Optimism

Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts’ expectations, the highest in a year. Also, S&P companies are expected to post +6.9% earnings growth in Q3, up from +6.7% as of the end of May.Today’s report from private firm Challenger, Gray & Christmas signals ongoing weakness in the US labor market. US Sep Challenger job ...