S&P 500 Rises 10.49% in April as Earnings Growth Tops Double Digits for 6 Straight Quarters
Updated
Updated · Invesco · May 11
S&P 500 Rises 10.49% in April as Earnings Growth Tops Double Digits for 6 Straight Quarters
2 articles · Updated · Invesco · May 11
A 10.49% April gain pushed the S&P 500 higher despite Iran-war uncertainty and other global market strains, underscoring investors’ willingness to look through headline risks.
Fiscal spending across major economies, broad corporate revenue support and a resilient US economy formed the main cushion for equities, according to the report.
Six consecutive quarters of double-digit earnings growth have reinforced that backdrop, with 9 of 11 S&P 500 sectors beating expectations in the latest reporting period.
Two straight solid US jobs reports also pointed to a labor market strong enough to sustain spending without obviously reigniting inflation, helping explain the market’s advance.
The next test for that view comes this week from US inflation, retail sales and industrial data, alongside key releases from the UK, eurozone, China, Japan and Germany.
As global debt hits historic highs, can government spending shield markets from escalating geopolitical and inflation risks?
With corporate profits soaring while tech jobs vanish, is the AI boom creating a bubble detached from economic reality?