Dow Jones jumped by 300 points (+1.21%) and SP500 by 1%, following a statement by the Pentagon saying the strikes in Syria were enough to prevent chemical attacks by the Syrian government in the near future. On the other hand, in the US, Bank Of America Merrill posted a better-than-expected financial result for Q1 by 2018.
The two news led investors to increase appetite risk and make purchases. Still, there is still something worrying about the market, and that's too high Wall Street expectations for companies. Consensus forecasts are that US companies will register 17.3% earnings growth in the first quarter. At first reading - Super, but statistics indicate that high lanes are difficult to skip, and this would bring the indexes into broad consolidation near the peaks.
Source: Bloomberg Pro Terminal
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