Hey Traders. I hope that any of you here can help me with a question that I've been trying to figure out. Does anyone know why earnings in stocks can have an effect on Stock Index prices?
Some of you may say its pretty obvious but I'm looking for details. We all know that stock index futures are a reflection of the stock market but not all companies have their earnings at the same time and sometimes one companies earnings can have an effect on an entire index.
Any books, videos or articles on this topic will help. Thanks!