Sharp Decline in US Stock Market and Long-term Earnings Growth
VOO Vanguard S&P 500 ETF
$691.87 +2.35%
View chart & analysis → - 1US stocks experienced their steepest single-day decline in a year following a post-election rally on Wednesday.
- 2The Vanguard S&P 500 ETF (VOO) fell 6% from its October peak, but maintained a 10% gain over the past year.
- 3The expected 30% year-over-year earnings growth rate for S&P 500 companies in the third quarter is expected to drive the market.
So what's the key point?
US stocks fell significantly in a single day. However, expert expectations that corporate earnings will increase by 30% will serve as a driving force for the market.
Source The Motley Fool +1 · View original ↗
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