SPY News: Companies are having their best earnings season in nearly 2 years - 7th May 2024, 3:03am

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Stocks have remained largely resilient in recent weeks despite reports of sticky inflation and risk that the Federal Reserve holds interest rates higher for longer than investors expect. Wall Street strategists believe that's likely due to a better-than-expected set of first quarter earnings.

With 80% of the companies in the S&P 500 (^GSPC) done reporting, the benchmark index is pacing for 5% growth in first quarter earnings per share, per FactSet. This is the biggest year-over-year increase si...

>>> Read more: Companies are having their best earnings season in nearly 2 years
 
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