Profit growth in US stocks expands beyond the "Big Seven"
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Another quarter of financial reporting season for US companies is entering its final stage. In addition to the seven major technology companies, other components of the S&P 500 Index are expected to achieve their first profit growth since the fourth quarter of 2022. Data shows that earnings of S&P 500 Index components in the second quarter are expected to increase by 7.4% compared to the same period last year. Key indicators of US consumer health, such as Home Depot, Walmart, and Target, have not yet released their performance reports, which will be closely watched. Traders are feeling uneasy about the possibility of an economic slowdown
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Source: China Finance Online The copyright of this article belongs to the original author/organization.
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