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The second-quarter earnings season for S&P 500 companies is almost finished, and a new analysis shows that most firms have outperformed market expectations.
Wall Street has brushed aside a string of headwinds this year—from the war in Iran to renewed price pressures—and kept climbing. Despite a few bumps along the way, the stock market sits at or near record highs, and recent numbers suggest it is not entirely driven by artificial intelligence.
As of Aug. 7, 88 percent of S&P 500 companies have reported earnings. Of these firms, 86 percent have beaten market expectations, according to FactSet data.
This is above the five- and 10-year averages of 78 percent and 76 percent, respectively….
Wall Street has brushed aside a string of headwinds this year—from the war in Iran to renewed price pressures—and kept climbing. Despite a few bumps along the way, the stock market sits at or near record highs, and recent numbers suggest it is not entirely driven by artificial intelligence.
As of Aug. 7, 88 percent of S&P 500 companies have reported earnings. Of these firms, 86 percent have beaten market expectations, according to FactSet data.
This is above the five- and 10-year averages of 78 percent and 76 percent, respectively….
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