S&P 500 Nears Record High As Earnings Season Begins

According to BlockBeats, on October 10, the S&P 500 Index is poised to reach new highs as market attention shifts to the start of the earnings season. The third-quarter earnings season will officially commence on Friday, with several of the largest banks set to report their results. Investors have recently maintained a generally optimistic outlook, with strong economic data offsetting heightened tensions in the Middle East and uncertainties surrounding the upcoming U.S. elections. On Tuesday, driven by gains in technology stocks, the S&P 500 Index approached its historical peak. In the near future, the Federal Reserve is expected to release the minutes from its September meeting. During this meeting, the Fed made a bold decision to cut interest rates by 50 basis points, marking the beginning of its rate-cutting actions. However, this decision was not unanimous, as it was the first time since 2005 that a Fed governor dissented from the majority opinion.