Corporate America Earnings Beat Back Wall Street’s Wall of Worry
First-quarter earnings season is delivering better-than-expected results, propelling US equities to record highs. S&P 500 companies outside of the tech realm have been posting sharp positive earnings surprises since the fourth quarter of 2024.
US equities have reached record highs as first-quarter earnings season delivers better-than-expected results. As earnings wind down for two-thirds of the S&P 500 Index stocks, the proportion of companies missing analysts' estimates is at its lowest level since 2021. S&P 500 companies outside of the tech realm have posted sharp positive earnings surprises since the fourth quarter of 2024, according to Seaport Research Partners. This indicates that the strong earnings are not solely due to technology giants. The positive earnings surprises have contributed to the S&P 500's run from one record to the next.
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