Institution: Tech Company Earnings Report's Impact on Stock Market to Exceed That of Iran War

BlockBeats News, May 4th, Morgan Stanley strategist Michael Wilson stated that strong US corporate profits, especially in the thriving technology sector, have overshadowed concerns about the Middle East conflict putting pressure on the stock market.

Wilson's team wrote in a report that over the past month, earnings expectations for the S&P 500 index have been revised upward at multiple intervals. Earnings expectations for the second quarter have been raised by 2%, while full-year 2026 and the next 12 months' earnings expectations have been increased by 3% and 4% respectively. (Jinse)