U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.
P&G CFO Andre Schulten said the company will focus on pricing, productivity, and innovation in the near term to counter the impact of President Donald Trump’s recent tariffs.
U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade tensions boosts risk sentiment.
The company now expects full-year earnings per share to decline by 3%, marking a reversal from its earlier forecast, which called for mid-single-digit growth.
The Q1 report will likely set the tone for the packaged consumer foods sector this season and give a peek into how they will reposition themselves against higher import duties.
Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
