S&P 500 earnings estimates rise as tech strength outweighs Middle East fears
Updated
Updated · Bloomberg · May 4
S&P 500 earnings estimates rise as tech strength outweighs Middle East fears
12 articles · Updated · Bloomberg · May 4
Morgan Stanley said second-quarter estimates climbed 2%, while 2026 forecasts rose 3% and next-12-month projections increased 4%.
Strategists led by Michael Wilson said stronger US corporate results, especially from technology companies, are eclipsing investor concerns that the Iran war could hurt stocks.
The note suggests equity sentiment is being driven more by improving profit expectations than by geopolitical risk, with tech remaining the market's main support.
With tech valuations nearing dot-com highs, is the current AI-fueled market rally sustainable?
While markets bet on AI, what geopolitical shock could finally derail the record-breaking stock run?
AI now drives US GDP more than consumers. What happens if this tech spending slows?