Stock futures TK Wednesday night as investors looked to key corporate earnings results.
These gains came as companies are posting stronger-than-expected quarterly results. Three-quarters of the S&P 500 companies that have already announced have topped estimates, according to FactSet data. The strength in corporate earnings have created optimism for a soft landing for the economy.
"Investors are saying loud and clear that they expect the current stock market rally to continue," said Tom De Luca, senior researcher at Vanguard. "Right now, short-term optimism is higher than we've seen since December 2021, right before the start of the 2022 bear market."
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