It’s been an amazing run, with more than 85% of companies beating Wall Street analysts’ earnings estimates, according to Factset. This afternoon brings results from chipmaker Nvidia (NVDA), followed by Best Buy (BBY) tomorrow morning. JWN maintained its previous guidance instead of raising it like some other retailers, which also may have disappointed some investors. When Treasury yields fall, it can sometimes make yields in the stock market appear more appealing to some investors. Fed Has Choices Besides Tapering: Remember that when people talk about possible Fed “tapering” of its $120 billion bond-buying program, the program isn’t a one-trick pony.

Source: Forbes May 26, 2021 13:18 UTC