Wall Street banks’ market-beating rally faces earnings test

The Federal Reserve’s recent reticence to keep up the pace of interest-rate cuts was backed by Friday’s strong labor report that sent the stock market tumbling and yields higher. That throws cold water on investor hopes for a repeat of last year’s stock performance, which saw bank leaders climb 33%, outperforming the broader S&P 500.

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2 top stock recommendations from Rajesh Palviya

Rajesh Palviya from Axis Securities anticipates Nifty potentially reaching 25,000, fueled by positive market sentiment and Prime Minister’s announcement. He highlights the shift in put-call