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The S&P 500 recorded its best day in nearly four months yesterday, climbing 1.5% intraday to close at 4,323.06. Likewise, the tech-heavy Nasdaq Composite gained 1.6% intraday to close at 14,498.88 yesterday. The Dow Jones Industrial Average was up 549.95 points yesterday, representing a 1.6% increase.
Wall Street analysts expect corporate earnings growth to be a significant market driver in the near term. This, along with continued capital inflows in the corporate sector, we think should allow Linde plc (LIN), Lowe’s Companies, Inc. (LOW), and ABB Ltd (ABB) to maintain their growth trajectory in the second half of 2021.
