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"Trump Organization" stock price rose in pre-market trading, with mixed movements in the three major US stock index futures. | Tonight's focus
①Trump Media Technology Group rose nearly 9% in pre-market trading; ②Alibaba fell more than 4%, JD.com fell more than 6%; ③Wolfspeed is set to receive a $0.75 billion grant from the US Department of Commerce; ④Eli Lilly and Co is establishing the China Medical Innovation Center and Innovation Incubator in Beijing.
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The CEO is bullish, but Wall Street is bearish? There is a significant divergence in earnings expectations for the US stock market this earnings season.
Analysts expect that the s&p 500 constituent companies will see a year-on-year profit growth of 4.2% in the third quarter, while these companies' own guidance predicts a growth of 16%. This difference implies that corporate performance is likely to exceed Wall Street expectations.
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