S&P 500 Earnings Growth Hits 28.4% as Stocks Hold Near Record Highs
Updated
Updated · Around Ambler · May 28
S&P 500 Earnings Growth Hits 28.4% as Stocks Hold Near Record Highs
3 articles · Updated · Around Ambler · May 28
Summary
With 94% of companies reporting, S&P 500 first-quarter earnings growth reached 28.4%—up from a 13.0% estimate on March 31 and the strongest since Q4 2021.
That upside has helped keep major U.S. stock indexes near all-time highs, alongside resilient economic data and corporate bond markets that still imply low default risk.
April durable goods orders rose 7.9%, while initial jobless claims held near 210,000, reinforcing a picture of continued U.S. growth even as momentum has slowed.
May business surveys showed expansion at a reduced pace and the sharpest input-cost increase since late 2022, with Middle East war-related supply strains and higher energy prices weighing on orders and confidence.
Mega-cap technology firms remain the main profit engine—six largest tech companies posted 63% earnings growth versus 18% for the rest of the market—as investors largely look past the Iran conflict.