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Corporate America's earnings season has begun with optimism, as many investors anticipate a steady rise in profits. Following a brief decline in the first half of last year, profits for major firms in the S&P 500 are projected to grow by over 4% year on year.
Worries over Cameroonian President Paul Biya's health have led to a decline in the value of the country's international bonds, reflecting investor concerns about potential succession issues. While the government assures that Biya is in good health, analysts warn that the lack of a succession plan could create volatility in the market. Meanwhile, the domestic bond market remains stable, unaffected by the rumors.
The Dow Jones has reached its first price target of 42,579 points, with potential for further gains towards 44,182 points if it closes above this mark. The Nasdaq is poised for a breakout, needing to close at 20,320 points to target its all-time high of 20,760 points. Meanwhile, the S&P has generated a buy signal after surpassing 5,670 points, aiming for 6,000, while the Russell 2000 faces challenges, retreating towards support levels after failing to break its recent high.
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