Do individual earnings correlate to daily index value
- youngindexer
- Posts: 70
- Joined: Wed Nov 20, 2013 4:55 pm
Do individual earnings correlate to daily index value
I like to listen to the noise and have realized at the end of trading days you will typically hear something along the lines of "SP500 up after strong earning reports". Do the earning reports of a few individual companies really impact a whole index or is this just nonsense?
Re: Do individual earnings correlate to daily index value
Earnings reports often discuss broader industry trends as well as the general economic environment.
Re: Do individual earnings correlate to daily index value
Everyday the news media comes up with explanations for why the markets went up or down. These explanations are speculative. They don't really know why.