Share of US Firms Reporting Earnings Growth Hits Four-Year High

US equity investors have one reason to cheer as the S&P 500 heads for its worst week since October: The share of companies posting a rise in quarterly profits is the highest in over four years.

More than 75% of S&P 500 firms that have reported results so far saw growth in earnings versus a year earlier, according to data compiled by Bloomberg Intelligence. That’s the highest proportion since the third quarter of 2021.