US giants ride broad earnings strength as costs stay high
TL;DR Summary
US S&P 500 companies are on track for 47.4% year-over-year earnings growth in Q2—the strongest in five years—driven by energy profits from high fuel prices, AI-related investments, and broad gains across sectors beyond tech, with about nine in ten beating forecasts and eight of 11 sectors posting double-digit earnings. The results bolster the stock market even as consumers face higher costs and affordability pressures.
Topics:business#corporate-earnings-and-results#energy-sector#markets#sandp-500#us-companies#us-equities
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