Investors welcomed President Donald J. Trump back to the White House with a broad-based if cautiously optimistic rally on Tuesday. Ten of the 11 S&P 500 sectors closed in the green, and bond yields retreated from recent highs on the appearance of restraint with regard to new tariff policy a day into the restored administration.
"Earnings season is underway and, thanks to the banks, it's off to a good start. Currently, consensus estimates are calling for a strong 12% year-over-year increase in S&P 500 earnings per share (EPS) for the fourth quarter of 2024," says Jeffrey Buchbinder, chief equity strategist at LPL Financial.
