Investing.com investing.com 09 Jan, 2021 16:15 am

As political risk fades, earnings may start to matter again By Reuters

As political risk fades, earnings may start to matter again By Reuters
Wall St Week Ahead: As political risk fades, earnings may start to matter again

sign is seen near the NYSE in the financial district in New York p NEW YORK (Reuters) - With uncertainties regarding U."With less focus on politics, there is greater bandwidth for focusing on other issues such as COVID and economic fundamentals," said James Knightley, chief international economist at ING in New York.The sector is expected to post earnings growth of 668% in 2021, according to I/B/E/S data from Refinitiv.Earnings growth for industrials, consumer discretionary and materials is expected to far outpace the earnings growth for the technology sector, data showed.

elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.For months, earnings and economic data have largely taken a backseat as investors grappled with two overarching uncertainties and their ultimate impact on financial markets: the changing political landscape in Washington and the coronavirus pandemic sweeping the globe.

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