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S&P 500 closes slightly red as weak corporate guidance fuels recession fears

The Straits Times LogoThe Straits Times3d ago

S&P 500 closes slightly red as weak corporate guidance fuels recession fears - The Straits Times

Quick Summary:

January 26, 2023 6:14 AM - All three major US stock indexes pared their losses throughout the afternoon to close well off session lows.

AT&T Inc also delivered disappointing guidance but its renewed focus on its telecoms business helped boost subscriber numbers, sending its shares higher.

Analysts now see aggregate S&P 500 earnings dropping 3.0 per cent year-on-year, nearly double the 1.6 per cent drop seen on Jan 1, per Refinitiv.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-26 @ 06:14:55 (3 days ago)

News Timezone: GMT +8:00

Ranking: #1640 (out of 4478 stories this day)

News Source URL: straitstimes.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 4793937

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "S&P 500 closes slightly red as weak corporate guidance fuels recession fears" was covered 3 days ago by The Straits Times, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/sp-500-closes-slightly-red-16746864672199

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