Not yet!
Market-Wide Profit TrendsOverall Growth:
Profits jumped 28.8% compared to last year, accelerating significantly from the 13.1% growth rate seen in the first quarter.
Broad Participation:
11 out of 12 major economic sectors experienced accelerating earnings growth, showing strength beyond just artificial intelligence and tech.
Beat Rates:
Approximately 85% of reporting companies beat profit expectations, while 81% topped revenue forecasts.