New York, Oct 22, 2024 (AFP) - US stocks dip amid valuation concerns

NAMPA / AFP

2024-10-22

Wall Street stocks retreated early Tuesday amid concerns over lofty equity valuations as markets digested a mostly solid set of corporate earnings. Briefing.com analyst Patrick O'Hare listed seven larger companies whose earnings topped analyst forecasts, but noted that only two rose in pre-market trading. Pointing to a recent uptick in bond yields, O'Hare observed that "a lot of good earnings news... has been priced into the market already." Abo......

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