MarketWatch
US · 1 hrs ago
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These underdogs are a big reason S&P 500 profit growth is the fastest in nearly 5 years
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The S&P 500's recent profit growth acceleration is being driven not just by the "Magnificent Seven" tech stocks, but increasingly by the broader market of 493 other companies in the index, marking a shift in earnings momentum.
These underdogs are a big reason S&P 500 profit growth is the fastest in nearly 5 years
Ever since Big Tech went all in on artificial intelligence more than three years ago, seven companies have done the heavy lifting for overall S&P 500 earnings growth. But more recently, the other 493 names in the index have started to pull their weight.
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