S&P’s $8 Trillion Rally Will Be Tested by Tricky Earnings Season
- War, Fed, US election all could overshadow corporate results
- Analysts cut third-quarter profit growth for S&P firms to 4.7%
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Traders are staring down a series of risks after the stock market’s torrid start to the year, from economic fear, to interest rate uncertainty, to election angst. But perhaps the most important variable for whether equities can keep rolling returns to the spotlight this week: corporate earnings.
The S&P 500 Index has soared roughly 20% in 2024, adding more than $8 trillion to its market capitalization. The gains have largely been driven by expectations of easing monetary policy and resilient profit outlooks.