Q2 2024 earnings season reveals a mixed but resilient landscape. While 78% of S&P 500 companies surpassed earnings expectations, the magnitude of these surprises is below the 10-year average. The "Magnificent 7" tech giants are driving most of the growth, while a growing number of consumer discretionary companies are underperforming due to changing spending habits. With shifts in consumer behavior and macroeconomic headwinds impacting certain sectors, this earnings season offers key insights into the evolving economic landscape.
Read more in this week’s Markets in a Minute.