S&P 500 Earnings Beats Fall Flat With The Good News Priced In
- Date: 09-Aug-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
S&P 500 Earnings Beats Fall Flat With The Good News Priced In
(Bloomberg) -- Investors have greeted a stellar second quarter earnings season for U.S. companies -- with a yawn.
A large swath of S&P 500 companies surpassed Wall Street profit estimates, but their shares barely budged. It’s the second consecutive quarter of a lackluster response to earnings beats, fueling the case that U.S. stocks are due for a pullback after an 18% rally this year.
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