“Corporate America is in great shape – earnings estimates are higher in 2022 now than they were at the beginning of the year, which is no small feat,” LPL Financial equity analyst Jeff Buchbinder said in a statement. , however, that the positive outlook was not without risks, especially around the Fed ‘s fight against inflation. Buchbinder noted that the S&P 500 recorded a 19% correction when the Federal Reserve raised interest rates three years ago. “We saw in 2018 what can happen when the market believes that the central bank is becoming very aggressive,” he said. “And we will certainly not rule out the possibility of war escalating in Europe and wider conflict.” Corporate profits are also being weighed down by the slowdown in economic expansion and the demanding profit margin environment created by wage pressures, supply chain problems, material and labor shortages and rising commodity prices, LPL Financial said. These factors could boost big profits for companies to succeed and let valuations do the heavy lifting – but those valuations may not provide enough support to support the S&P 500 at 5,000 at the end of the year. FL Putnam’s market strategy leader Ellen Hazen echoed a similar view on Yahoo Finance Live Monday. “As we look at inflation in general for companies, we expect margins to continue to be under pressure,” Hazen said. The story goes on Inflation concerns are also rising for everyday Americans. The Conference Board Consumer Confidence Index, which is expected to be released on Tuesday, will show a timely snapshot of their thinking after the last rise in prices. Economists surveyed by Bloomberg are looking for the index to fall to 107.0 in March after reading 110.5 last month. There will also be a new reading on job demand with the Job Search and Turnover Survey (JOLTS) for February which is scheduled to be released on Tuesday morning. Analysts expect 11 million vacancies, little changed from the 11.26 million openings in January. The results will start a week with new job data for March, which includes ADP’s private payroll (due Wednesday) and the Critical Job Report (Friday). Investors received some relief on Monday as the CBOE (^ VIX) volatility index, which measures volatility and measures the market climate, fell. The Wall Street “fear index”, better known as VIX, fell below 20 for the first time since January, after hitting high levels in recent weeks. Oil prices, meanwhile, fell on Monday as Shanghai imposed a lockdown to curb rising COVID-19 emissions, renewing fears of a slowdown in demand. WTI (CL = F) futures plunged 9.2% to around $ 103 a barrel, their biggest drop in two weeks. The war in Ukraine remains on the radar for investors. The Kremlin said Monday that peace talks between Russia and Ukraine could resume this week when officials from both countries meet in Turkey on Tuesday. “While we can not and will not talk about progress in the talks, the fact that they continue to take place in person is important, of course,” Kremlin spokesman Dmitry Peshkov told reporters in a teleconference. Peshkov added that no significant progress had been made in the talks themselves or the possibility of a face-to-face meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky. –
7:10 a.m. ET: Futures are rising ahead of consumer confidence and job data
Here are the main moves in the markets ahead of Tuesday’s open:
Futures contracts S&P 500 (ES = F): +16.00 points (+ 0.35%) to 4,584.00 Dow futures (YM = F): +132.00 points (+ 0.38%) at 34,985.00 Nasdaq Futures (NQ = F): +40.75 points (+ 0.27%) at 15,026.00 Crude (CL = F): + 0.88 $ (+ 0.83%) at $ 106.84 per barrel Gold (GC = F): $ -28.50 (-1.47%) at $ 1,911.30 per ounce 10 years Public (^ TNX): -0.00 bps for a yield of 2.477%
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6:16 p.m. ET Monday: Futures open steadily after closing at 6-week highs
Here are the futures contracts of the most important stock indices opened on Monday afternoon:
S&P 500 Futures (ES = F): +0.25 points (+ 0.01%) at 4,568.25 Dow futures (YM = F): -14.00 points (-0.04%) at 34,839.00 Nasdaq Futures (NQ = F): -10.75 points (-0.07%) at 14,974.50 crude (CL = F): $ -2.43 (-2.29%) at $ 103.53 a barrel Gold (GC = F): -17.60 $ (-0.91%) at $ 1,922.20 per ounce 10-year Treasury (^ TNX): -1.5 bps for 2.477% yield
NEW YORK, NY – MARCH 28: Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2022 in New York City. After a positive week for the shares, the Dow Industrial Average fell more than 100 points in the morning trading. (Photo by Spencer Platt / Getty Images) – Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard and LinkedIn
