EUR/USD
1.04146
0.348%
Gold
2865.09
0.809%
Oil
70.848
-2.226%
USD/JPY
152.348
-1.296%
GBP/USD
1.25096
0.252%
GBP/JPY
190.583
-1.019%
Real-time News
February 6th news, the Big Seven boosted earnings growth and stock returns of the S&P 500, and they account for about one-third of the benchmark index. More than half of the indexs gains in the past two years have come from these companies, but their profit growth is slowing as spending grows. In terms of forward price-to-earnings ratio, the Big Seven are 40% premium to the S&P 500 as a whole, so these concerns pose a threat to their high valuations. This premium level is already narrowing, below the peak of 70% in 2023. Industry research data shows that the year-on-year growth rate of earnings of these giants peaked at the end of 2023 and is expected to slow for the fifth consecutive quarter. Kristian Heugh, manager of Morgan Stanley Global Opportunities Fund, said that the year-on-year growth rate of earnings of the Big Seven is "substantially" declining, while other components of the S&P 500 are improving.Market news: Fox News Channel signed an agreement to invite Lara Trump, daughter of US President Trump, to host a weekend prime-time show.The White House: Politico received "more than $8 million in taxpayer funds" that were "largely used to subsidize subscriptions."The White House: Musk will avoid any conflicts of interest between his business and government work.US Secretary of State Rubio: Trumps proposal is to intervene, clean up the rubble, and restore the destroyed areas. The details of the Gaza proposal need further discussion.
