Wall Street focuses on financial reports and fundamentals, with the S&P 500 index rebounding by nearly 10%

On April 15th, the war against Iraq had lasted for two months, and although the situation was unclear, Wall Street gradually ignored the related impact. Since March 27th, the S&P 500 index has rebounded by nearly 10%, while the Nasdaq 100 index has risen by about 12% and set a record for the longest ten consecutive bullish days since 2021. Doug Peta, Chief US Investment Strategist at BCA Research, stated that since the start of the earnings season, the company's fundamentals are dominating the stock price trend. Senior strategist Ed Yardeni believes that the market is adapting to the impact of the Iraq War and maintaining the judgment that the S&P 500 index hit bottom on March 30th.