A 20% Surge in Tech-Company Earnings Fuels U.S. Stock Gains - News Summed Up

A 20% Surge in Tech-Company Earnings Fuels U.S. Stock Gains


Fast-growing technology companies are carrying the S&P 500 toward its fifth consecutive quarter of earnings growth. Third-quarter gains have been broad, spanning companies from industrial stalwarts like Caterpillar Inc. to oil-and-gas giant Exxon Mobil Corp. But with around 98% of S&P 500 firms having reported results for the latest quarter, the technology sector is expected to post 20% growth in earnings from the year-earlier period, according to FactSet, trouncing the broader index’s expected earnings growth rate...


Source: Wall Street Journal November 29, 2017 10:30 UTC



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