US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings

Some 76% of S&P 500 companies have surprised to upside: BI
Key themes this season include Nvidia, layoffs and guidance

Corporate America ended the year on a surprisingly strong note.
Photographer: Andrey Rudakov/Bloomberg

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By Carmen Reinicke, Carly Wanna, and Sagarika Jaisinghani

March 1, 2024 at 6:08 PM UTC

This article is for subscribers only.

This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve’s interest-rate cuts.

Results for the final quarter of 2023 signaled continued corporate strength despite the angst. Balance sheets held up, Big Tech darlings powered on and operating margins were steady as companies slashed costs. All told, Corporate America ended the year on a surprisingly strong note.