*WALL STREET RALLY THROWS SPOTLIGHT ON EARNINGS FROM NETFLIX, TESLA - 🇺🇸 🇺🇸 $NFLX $TSLA
The world's most widely tracked stock benchmark jumped 2.65% on Monday, lifted in part by strong quarterly results from Bank of America , even as investors worry that the U.S. Federal Reserve's war against inflation may hobble the economy.
"This week and next week are just crucial and full of earnings," said Peter Tuz, President of Chase Investment Counsel in Charlottesville, Virginia.has recorded daily gains or losses of more than 2% 39 times so far in 2022, compared to seven times last year and 44 times in all of 2020. Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. However, analysts still expect Chief Executive Elon Musk to deliver a 60% jump in quarterly revenue and a 48% surge in"adjusted" earnings before interest, taxes, depreciation and amortization.
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