Frankfurt, New York The upcoming reporting season and concerns about rising inflation have unsettled investors on Wall Street. The main indices, the Dow Jones index of the standard stocks, the S&P 500 and the technology-heavy Nasdaq Composite fell slightly on Tuesday.
Investors fear that rising energy prices will slow economic growth and affect company results. In addition, according to economists, the start of reducing central bank aid is expected in November.
“Given all the troubles companies are struggling with, there is an opportunity for more negative surprises this quarter than in previous quarters,” said Tom Martin, senior portfolio manager at asset manager Globalt Investments.
Analysts expect the corporate profits of the S&P 500 companies to increase by an average of almost a third compared to the same period last year. However, statements on forecasts for the full year and beyond are eagerly awaited this quarter.
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