Meteorologists are forecasting a significant winter storm that will impact multiple regions of the United States starting this weekend. This slow-moving system is expected to bring snow, ice, and freezing temperatures over several days, potentially disrupting travel and causing power outages.
In related financial news, the global stock market experienced turbulence earlier this week, with the S&P 500 dropping 2% and the Dow down 1.8% due to geopolitical tensions surrounding President Trump’s proposal to acquire Greenland. Despite initial fears, reassurances from Trump helped the market recover much of its losses by the end of the week.
FactSet reports anticipate an average earnings growth of over 14% for the S&P 500 in the fourth quarter, primarily driven by seven major companies—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla—collectively valued at $21 trillion, which represents roughly one-third of the index. This concentration raises concerns about potential stagnation if these stocks falter.
