---
title: "Profit growth in US stocks expands beyond the \"Big Seven\""
description: "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 a"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/211265160.md"
published_at: "2024-08-10T12:49:36.000Z"
---

# Profit growth in US stocks expands beyond the "Big Seven"

> 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

As the latest quarter of financial reports from American companies enters its final stage, one thing is clear: companies outside the artificial intelligence boom are finally beginning to see the long-awaited recovery, and this positive sign is not to be missed. Over the past few quarters, the profit growth of the seven major tech companies has driven the rise of the S&P 500 index. However, institutional data indicates that this situation is about to change, as apart from the so-called "Magnificent Seven," other components of this benchmark index are expected to achieve their first profit growth since the fourth quarter of 2022. Data shows that the earnings of S&P 500 index component stocks (excluding the Magnificent Seven) in the second quarter are expected to increase by 7.4% compared to the same period last year, after five consecutive quarters of decline. Although over 80% of component companies have already reported their performance, major indicators of American consumer health such as Home Depot, Walmart, and Target have yet to announce their results. Clues revealed by these financial reports regarding consumer spending will be closely watched, as traders remain concerned about the possibility of an economic slowdown

### Related Stocks

- [TGT.US - Target](https://longbridge.com/en/quote/TGT.US.md)
- [HD.US - Home Depot](https://longbridge.com/en/quote/HD.US.md)
- [.SPX.US - S&P 500](https://longbridge.com/en/quote/.SPX.US.md)
- [WMT.US - Walmart](https://longbridge.com/en/quote/WMT.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 行業對美國最高法院關於特朗普全球關税裁決的反應 | 美國最高法院推翻特朗普緊急關税的裁決受到企業和行業團體的歡迎，他們將此視為一種解脱，但預計退款過程將會複雜。行業領導者強調了可預測貿易政策的必要性，並對持續的不確定性感到擔憂。各方利益相關者的評論突顯了關税徵收透明度的重要性，以及在中介應對 | [Link](https://longbridge.com/en/news/276482621.md) |
| 沃爾瑪｜8-K：2026 財年 Q4 營收 1889 億美元超過預期 |  | [Link](https://longbridge.com/en/news/276329482.md) |
| 特朗普暗示違法徵收的關税不退了，美財長稱今年關税收入將 “基本保持不變” | 美國總統特朗普暗示不會退還被最高法院裁定違法的關税，預計 2026 年關税收入將保持不變。特朗普計劃簽署行政令，對全球商品加徵 10% 進口關税，取代被推翻的關税。財長貝森特表示，政府將利用替代法律權力維持關税收入，強調國家安全和財政收入不 | [Link](https://longbridge.com/en/news/276494362.md) |
| 亞洲股市因假期和糟糕的日本經濟數據而陷入平靜 | 亞洲股市在假期期間因交易清淡而鞏固漲幅，日本第四季度 GDP 增長僅為 0.1%，遠低於預期。日經指數上漲 0.2%，而 MSCI 亞太指數上漲 0.1%。對主要科技公司可能暫停資本支出的擔憂可能會影響韓國和台灣的內存股票。在美國，沃爾瑪的 | [Link](https://longbridge.com/en/news/276019579.md) |
| 美財政部讓步，擬修訂主權財富基金税收提案，此前遭私募業警告 | 美國財政部正就一項針對主權財富基金和公共養老基金徵税方式進行全面改革的提案作出讓步。相關提案此前由美國國税局提出，擬更新税法第 892 條，將這些基金持有的多數美國債務投資歸為商業活動，這將令其面臨被徵税的風險。此前，私募信貸和私募股權公司 | [Link](https://longbridge.com/en/news/276491732.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.