Earnings season is progressing better than expected which should help to counterbalance inflation worries.
This is a big week in terms of the number of S&P 500 companies reporting, but as of last week, 60% of the index had reported results and the reported beat is +5% according to BofA.
April 28, 2024
Earnings season is progressing better than expected which should help to counterbalance inflation worries.
This is a big week in terms of the number of S&P 500 companies reporting, but as of last week, 60% of the index had reported results and the reported beat is +5% according to BofA.
Technology sector beat rate is +10%.
Aggregate numbers have therefore moved higher.