The S&P 500 rose 1.4% for the week, driven primarily by earnings and the Magnificent 7. 4Q 2023 Sector Earnings Glenview Trust, FactSetSales growth is closely tied to nominal GDP growth, combining after-inflation economic growth (real GDP) with inflation. In addition, overall fourth-quarter earnings for the S&P 500 have improved now that the banks are in the rearview mirror. Investors should continue to expect better year-over-year earnings growth for the rest of the earnings season. This week is relatively quiet on the domestic economic release front but is the second busiest week of the earnings season.

Source: Forbes February 05, 2024 01:47 UTC