Makers of everything from Post-it Notes to jet engines to business software clued in Wall Street Tuesday on their 2023 outlooks. Markets were cautiously optimistic.
The three major stock indexes opened in the green and didn’t look back. The Dow Jones Industrial Average edged higher 0.6%, or 205 points. The S&P 500 climbed 0.7% while the tech-heavy Nasdaq Composite rose 0.9%.
Wall Street is hoping that companies can reverse three quarters of year-over-year declines in profits that have weighed on stock valuations. Firms’ projections, meanwhile, could provide hints about if and when the Fed’s interest-rate hikes will begin to weaken the U.S. economy.
Read the full story on The Wall Street Journal here