More than one third of the S&P 500 is set to report quarterly results this week, headlined by Apple, Microsoft, Amazon and Google-parent Alphabet , the four largest U.S. companies by market value. Those stocks have gained between 5-7% so far this month, as of Thursday's close, while the S&P 500 (.SPX) had climbed just 1.6%. The S&P 500 equal-weight index (.SPXEW), a barometer of the average stock, had fallen 0.2%. With 120 S&P 500 companies having reported so far, second-quarter earnings are expected to have jumped 78.1% from a year ago, up from an expectation of 65.4% at the start of the month, according to Refinitiv IBES data. - ReutersArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star July 25, 2021 03:05 UTC