Analysts estimate that members of the benchmark will see second-quarter profits rise 9.3% over the prior-year period, which will be the biggest such expansion since the last three months of 2021, data compiled by Bloomberg Intelligence show.
A non-stop rally in US stocks since April is facing a major test as companies start reporting earnings next week.
The S&P 500 Index has notched one record after another, powered by the so-called Magnificent 7 and all things artificial intelligence. Companies will have to impress as expectations are elevated, especially for mega-cap technology stocks. Though still robust, big tech earnings are projected to slow.
