A year after stocks soared, CEOs must show it was warranted
STAN CHOE, AP Business Writer
April 15, 2021
FacebookTwitterEmail
FILE - The New York Stock Exchange is seen in New York, Monday, Nov. 23, 2020. Stocks were moderately higher in early trading Thursday, April 8, 2021, helped again by large technology stocks that have benefitted from a drop in bond yields.Seth Wenig/AP
NEW YORK (AP) — It's time to show the receipts, CEOs.
For more than a year, investors have been pushing up stock prices, even though the pandemic caused profits to crater for companies. With COVID-19 vaccines going into arms and businesses reopening, investors want to see that faith rewarded with some proof of fat profit growth, starting now.