Analysts forecast a 23.2% year-over-year earnings rise for the S&P 500, marking the second straight quarter above 20% growth.
The S&P 500 is poised for a 23.2% year-over-year earnings increase in the second quarter, exceeding the five-year average of 16.4% and the 10-year average of 10.3%. This would extend a streak of seven consecutive quarters of double-digit growth for the index.
Earnings season ramps up this week, with AstraZeneca and Nucor reporting Monday, followed by heavyweights like Microsoft, Meta, Apple, and Amazon later in the week. Last week’s results from Alphabet and Tesla weighed on the tech sector, but overall sentiment remains positive.
Big Tech’s performance will be closely watched after recent volatility, with expectations set for another strong quarter despite mixed reactions to earlier reports.